The European Union’s GDPR norms require IT security teams of businesses operating in the EEA to safeguard user identities. Hefty fines to the tune of 20 billion euros and irrevocable reputational losses have spurred massive investments in data protection services. Particularly, the global spending on identity and access management (IAM) solutions is expected to exceed $16 billion USD by 2022. It is, therefore, the legal responsibility of global businesses to implement effective IAM strategies to comply with GDPR regulations.
This blog post discusses the significance of IAM and its core practices in establishing GDPR compliant digital businesses.
Decoding IAM and its Implementation
Identity and Access Management or IAM is a business security protocol that ensures regulated access of user information to authorized individuals. It ensures that only the right individuals have access to critical business data including employee and customer identities.
Articles 5, 24, and 32 of the GDPR necessitate businesses to have an IAM system in place. They mandate businesses to monitor the processing of personal data, implement threat prevention measures, and restrict access to sensitive data.
Traditionally, businesses used a manual access control process such as Active Directory that involved grouping of members to access confidential information. However, the cumbersome method was ineffective at managing individual access to resources. It clearly violated GDPR guidelines and obliged businesses to seek end-to-end data protection solutions such as IAM.
Effective IAM Strategies to Ensure GDPR Compliance
1) Deploying Single Sign-on Systems
Within an organization, information mismanagement and leakage due to multitasking among several software programs. An employee’s typical working day involves multiple log-ins into email accounts, dashboards, backend systems, and other applications with distinct credentials. The need to remember and secure usernames and passwords for gaining access to all essential systems can be challenging.
READ THE FULL BLOG: https://dataprotectionandprivacy.oodles.io/blogs/identity-and-access-management-strategies-data-protection-services/
Through IoT devices, organizations can collect critical user data and analyze it to develop new solutions and enhance user experience.
According to Statistica, with the proliferation of chip technology, the world will have almost 31 billion IoT devices by 2020.
In this blog post, we have discussed common data protection challenges and how we can address them using IoT.IoT Data Should Be Private and ControlledIoT devices can generate a large amount of critical data, both personal and financial to perform tasks.
The collected data is prone to cyberattacks since it can be used by criminal entities for an unfair advantage.
When consumers do not have any control over their data, it exposes businesses to regulatory risks.
Below are three examples that show the magnitude of data protection issues with the advent of IoT technologies:Telematics insurance systemsThe automotive industry is witnessing disruption with the implementation of usage-based insurance or UBI.
What Exactly is GDPR?Understand the Key Concepts of GDPRThere are three Specific areas where businesses must ensure they are GDPR Compliant.Mapping Data.Update your Privacy PolicyTrain Your Team on How to Use Data ProperlyUnderstand the Importance of Being GDPR CompliantNever Stop Auditing your Consumer's Data, also services needed to be delegated like getting data entry outsourcedFind the original article on https://www.expert-seo-training-institute.in/blog/what-exactly-is-gdpr-six-tips-to-ensure-gdpr-compliance/
Several remarkable cases proved GDPR is a useful tool for protecting online privacy. This omnibus piece of legislation forced businesses around the globe to introduce new solutions and change priorities in the sphere of data protection. Let's look at details of this massive legal document and some cases of judgments that took place in the post-GDPR world.
Original published on freshcodeit.com
Original article Victims of the New Data Protection Act 2018: How to Avoid Hefty Fines? published at freshcodeit.com.
