Press release

G-Day: are you ready to risk 4% of your global turnover?

Organization
Complymatic
Sectors
Financial services Security Technology
Keywords
compliance cyber security gdpr information security consultants cybercrime hackers investment management brokers financial services fin tech regulation data privacy data protection risk management general data protection regulation
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LONDON, 16 February 2017: Complymatic can help you prepare for the EU General Data Protection Regulation

The European Union (EU) General Data Protection Regulation (GDPR) deadline is fast approaching.  The new regulation comes into force in May 2018 and replaces the 1995 EU Data Protection Directive. The past 20 years have seen sweeping changes in the world of technology and the ever-evolving risk of cybercrime has left organisations and individuals vulnerable to new types of threats.  An increasing number of high profile data breaches have turned the spotlight onto data protection and information security.  Organisations can no longer turn a blind eye to cyber security, and the new regulation will ensure a proactive and responsive approach to data protection and compliance.

GDPR applies to all organizations that handle, store or process the personal data of EU citizens.  Penalties for non-compliance are up to €20,000,000 or 4% of global turnover of your business, whichever is greater.  There is also a risk of class action lawsuits from data breach victims alongside reputational damage and disruption to your business.  Boards and executives can now be held responsible, turning attention to the human element of cyber risk.

What you need to know:

  • Know what data you hold and where you hold it.
  • Know how your data is managed. 
  • Know who has access to your data.

Complymatic offer a smart network monitor that intelligently scans all data types (physical and cyber) to make incident management and reporting more robust and can get your business ahead of GDPR’s new breach notification timeframe. Under GDPR, breach notification will need to take place within 72 hours of a breach occurring. The network monitor ensures multiple systems and multiple processes are compliant, giving you the knowledge and peace of mind that you are practicing within the bounds of the new regulation.

Cybermatic is Complymatic’s end-to-end solution for GDPR compliance.

We provide

  • Initial consultation
  • Gap analysis followed by report and remediation plan – a requirement under GDPR
  • Award winning non-invasive Network Monitor: to collect, correlate and report all data types on a single system
  • Compliance management software: to automate most regularly encountered compliance management requirements in a single system
  • Assistance with policy and procedure creation and implementation
  • Information security risk framework creation and implementation
  • Role and risk-aligned education and training
  • Threat and incident notification tool and support service
  • Outsourced Data Protection Officer (DPO)
  • Outsourced Compliance team

Cybermatic protects each link in the chain to offer a complete and integral solution to GDPR. Our holistic approach covers the entire information security spectrum, significantly reducing the risk of unidentified gaps. Fewer gaps mean fewer successful cyber-attacks giving you the confidence of compliance and the competitive edge.  

___

Krys Kingston
Senior Cyber Security Consultant
kkingston@complymatic.com

 

At Complymatic we work with your business to help it succeed in a regulated market. We provide subject matter experts to help advise on your business model, transformation and delivery. We provide a regulatory umbrella for our Appointed Representatives and those looking to achieve independent FCA approval. We work with your business to reduce risk, be that regulatory risk or cybercrime. We work with you to take a proactive approach to your overall business, allowing you to be ahead of the competition and focusing on what you do best.

To find out how Complymatic can help your business call +44(0) 203 824 2428, or email contact@complymatic.com 

Visit www.complymatic.com to register for industry white papers. 

Press release distributed by PressHalo on behalf of Complymatic, on 16th February, 2017.