Data security: what you need to know about new international laws
Data protection and complying with relevant laws and regulations should be a priority for every Australian business. In fact, not complying can often cost a business more than twice as much as compliance would have, as well as damaging the organisation’s professional reputation.
Did you know that your business might not only be bound by Australian laws, but by international regulations as well?
The European Union General Data Protection Regulation (EU GDPR) is one example that is about to impact many Australian businesses. This new regulation will be enforced as of 25 May 2018, and even if your business is not based in the EU, it may still be bound by the EU GDPR. Non-compliance can result in significant fines, so if you haven’t already, take the time to ensure that your business is EU GDPR-ready well before 25 May 2018.
These new requirements have been developed to unify international laws, as well as future-proof and strengthen data protection rights for individuals. One of the most significant factors relating to the GDPR is that the new regulations will also apply to non-EU-based organisations. Your business will be impacted if it:
• Offers goods and services to individuals in the EU, and/or
• Monitors the behavior of individuals in the EU.
While in some respects the GDPR is similar to Australian privacy laws, there are also some significant differences that your business must be aware of. For more information about the EU GDPR, visit www.eugdpr.org
Mobile workers = data security threats
These changes to international law are a timely reminder of the need to adequately protect vital business information as well as customer records. However, with the increase in employees working from home or on the road, it is becoming difficult to maintain the highest level of data security.
Many organisations rely on USBs to carry and transfer information. They are small, convenient, fast and able to store large amounts of data, but standard USBs bring with them a raft of security threats.
• The size of a USB makes it far too easy to lose.
• If found, information can easily be stolen and disseminated.
• The mobility of a USB means it is knocked around in pockets and bags, and can be too easily damaged or broken.
• Using a USB on any computer means that there may be a trace of the data left on the computer.
For convenience and peace of mind, an encrypted USB drive is a must. Once the domain of government agencies, the military, health care and high finance, encrypted USBs are now a business staple for anyone who needs to access secure information on the go.
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