Data Privacy Day came and went last week with little notice, but the May 2018 deadline for complying with the European Union’s General Data Protection Regulation (GDPR) is coming closer whether you’re paying attention or not. A recent study by Osterman Research found that 73% of mid-sized and large organizations were not confident they could meet key GDPR requirements. The paper includes the best detailed explanation I've seen of GDPR background and compliance rules. Remember that data about EU citizens is covered wherever it’s stored and whoever is storing it. That means many U.S. firms must comply.
If you’re wondering why stronger data protection might be needed, how about learning that identity fraud hit 15.4 million U.S. consumers last year? That’s 6.15% of ALL consumers. Which means, if attacks are randomly distributed, YOU have a 60% chance of being hit over a ten year period. But attacks are not randomly distributed: active social networkers or ecommerce shoppers are more likely to be hit. Sound like anyone you know? Study was from Javelin Strategy & Research, sponsored by identity protection vendor LifeLock.
Maybe you think you’re safe from identity fraud because you don’t make dumb mistakes about exposing your data. Think again. A study by Princeton and Stanford researchers found anonymous browsing history – which is widely available – was enough to correctly uncover a user’s true identity up to 70% of the time. Time to find an identity was less the one minute.
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