Trend Micro has revealed a Great Truth:"C-level Managers Are Not Ready for May2018 GDPR Implementat

WILMINGTON, Del. - Feb. 2, 2018 - PRLog -- However, due to the reports provided by the recent survey conducted by the global leader in cyber- security solutions – Trend Micro, it was founded that the C-level Executives Are Not approaching the regulation with the solemnity required, thus resulting in overconfidence.

General Data Protection Regulation Awareness

The excellent Trend Micro Support researchers have provided a report that incorporates a tough awareness regarding the principles behind GDPR, holding the values:

·         95 % - These are the business owners who need to act on the basis of regulation

·         85 % - This sector has been accommodated by the one having reviewed its requirements

·         75 % - The leaders of this % sector are confident that their information as safe as it can possibly be.

However, as estimated by the Gartner Inc. near about 50 % of businesses will not be in complete compliance with GDPR needs by May 25, 2018. The Trend Micro Support researchers have recommended the organizations to firstly focus on five high-priority changes and then proceed with preparing.

The Cost of Not Being Compliant

According to the survey, it has been reported that amongst the entire quantity of the respondents:

·         Approximately 66 % appear to be unconcerned of the amount they could be penalized without the needed security protections in place.

·         33 % recognize that up to 4 % of their annual turnover have to be sacrifice.

·         66 % believe that reputation & brand equity damage is the main drawback in the event of a breach.

·         46 % claims that this would have the largest affect amongst existing customers.

All the aforementioned attributes are especially alarming thus considering that the businesses could be collapse in the event of a breach.

Rik Ferguson, the Vice president of security research for Trend Micro said that "Investing in state of the art equipment and employing data protection policies should be seen as a wise business practice, not an operational burden." Mr. Ferguson also told that "As a strategic security partner, we see it as our shared responsibility to help customers meet GDPR data security compliance."

Responsible Parties

Trend Micro has also reported that the businesses are not sure about – who is actually responsible for the loss of EU data and bring forward the figures which reveals that:

·         Only 14 % of the respondents could properly identify that both the parties are responsible for loss of data whereas,

·         51 % believes that the fine will goes to the EU data owner, and

·         24 % think the US service providers are at fault.

Moreover several other assumptions are also being made as the businesses are not certain regarding who should take the ownership of assuring the compliance with the regulation. Therefore on the basis of those surveyed,

·         27 % assumes that the CISO along with their security team should take the lead

·         31 % have faith in the saying 'CEO is responsible for leading GDPR compliance'

·         21 % actually finds that a senior executive is involved in the GDPR process

·         22 % think about involvement of the board level or management member

·         65 % are agree that the IT department will take the lead.

The Technology Required

In today's advancing world, the layered data protection technique is must as the business often lack the expertise to combat the rapidly growing threats. According to the GDPR directives, in order to fight against the threats the businesses must apply state-of-the-art technologies. Even after concerning this, only 33 % of the businesses have participated in investing for the data leak prevention technology whereas 34 % have applied advanced capabilities to identify interloper, while just 31 % are making use of encryption technologies.

Trend Micro's commitment to GDPR compliance begins with its cross-generational XGen security, which protects personal information throughout enterprises. Its resolution is optimized for all environments wherever information could also be keep, whether or not that's physically, virtually, on the cloud, or in containers. XGen may be a strategy and platform spanning across all Trend small solutions, connected to alert and reportage information breaches as they happen. This approach provides businesses with the progressive tools mandated by GDPR.

More about Trend Micro Researches

For more information about Trend Micro's survey on the pulse of businesses owners on the subject of GDPR, contact highly –qualified Trend Micro Antivirus Support executives. Simply dial the toll-free phone number provided in the contact details and get all the information.

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