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Infographic gdpr-implications-of-data-breach-requirement

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The extensive requirements and substantialness of the European Union’s (EU’s) General Data Protection Regulation (GDPR) have captured the attention of IT security directors around the world. For companies that do business in the EU, now is the time to shore up security processes.

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Infographic gdpr-implications-of-data-breach-requirement

  1. 1. GENERAL DATA PROTECTION REGULATION (GDPR) IMPLICATIONS DATA BREACHES ARE PREVALENT AND COSTLY ORGANIZATIONS WORLDWIDE ARE NOT PREPARED THE GDPR IMPACTS EVERY COMPANY THAT TOUCHES PERSONAL INFORMATION OF EU RESIDENTS of CONSUMERS WOULD MOVE AWAY from a COMPANY THAT EXPERIENCED TOO MANY DATA BREACHES3 Under the GDPR, a breach of personal data must be REPORTED WITHIN 72 HOURS OF DISCOVERY FINES WILL EQUAL EITHER In July 2017, a study showed that only: READ THE WHITE PAPER Learn which steps to take first in preparing for the GDPR. 1. Ponemon Institute’s “2017 Cost of Data Breach Study” 2. Ponemon Institute’s “2017 Cost of Data Breach Study” 3. “Survey: Customers Lose Trust In Brands After A Data Breach,” Dark Reading, May 18, 2016. 4. Nick Ismail. “Who is more prepared for GDPR? The UK, Europe or the US?” Information Age, June 27, 2017. 76% 27.7% THERE’S A chance that a typical company will experience a data breach in the next TWO YEARS1 10M Euros or 2% of an organization’s global revenue 20M Euros or 4% of an organization’s global revenue OR (whichever is greater) had started preparations.4 5% 40% 28% of companies in the U.K of companies in the U.S. of companies in the rest of the EU Average cost of a DATA BREACH is $3.62 MILLION 2