The General Data Protection Regulation (GDPR) is a broad-sweeping EU privacy law designed to increase an individual’s right to control personal data. Learn about GDPR, whether it applies to you, and how to get started with compliance issues. The GDPR materials presented here are informational only. For specific questions about GDPR compliance, please consult a trained professional.
WHAT IS GDPR?
The General Data Protection Regulation (GDPR) is a European Parliament regulation that came into effect on May 25, 2018. The regulation is designed to harmonise data privacy laws across Europe with the intention to protect and strengthen the privacy rights of EU residents.
COMMON GDPR TERMS
Data controller means the person(s) who determine the purposes and means of processing personal data.
Data exporter means a controller (or, where permitted, a processor) established in the EU that transfers personal data to a data importer.
Data importer means a controller or processor located in a third country that receives personal data from the data exporter.
Data processor means a person or entity that processes personal data on behalf of a controller.
Data subject means an individual who is the subject of the relevant personal data.
Personal data means any information related to a natural person or ‘Data Subject’, that can be used to directly or indirectly identify the person. It can be anything from a name, a photo, an email address, bank details, posts on social networking websites, medical information, or a computer IP address.
Processing means any operation that is performed on personal data.
Sensitive Data means personal data that reveals racial or ethnic origin, political opinions, religious or philosophical beliefs, trade-union membership, and data concerning health or sex life. Sensitive data are subject to additional protections.
WHAT INFORMATION DOES THE GDPR APPLY TO?
The GDPR applies to personal data and sensitive personal data.
GDPR PRINCIPLES
The GDPR is based on the following privacy and data collection principles and requires that personal data be:
(a) processed lawfully, fairly and in a transparent manner to individuals
from which it is collected;
(b) collected for specified, explicit and legitimate purposes and not further
processed contrary to any of those purposes;
(c) adequate, relevant and limited to what is necessary in relation to the
purposes for which it is processed;
(d) accurate and, where necessary, kept up to date;
(e) kept in a form which permits identification of data subjects for no longer than is necessary for the purposes for which the personal data are processed; and
(f) processed in a manner that ensures appropriate security of the personal data.
IMPORTANT NOTE:
The data controller is responsible for, and must be able to demonstrate, compliance with the Data Protection Principles.
Help educate your employees on fraud this International Fraud Awareness week.
Learn what fraud is, why it’s important to stop it, red flags to look for and ways to prevent it with the guide by ACFE.
Find more resources here: https://www.fraudweek.com/
Matthew Lefchik from Node International and Gloria Forbes and Jeff Forbes from ECBM recently ran a webinar covering the deeper details of cyber claims.
Agenda:
Interested to find out more? Watch the webinar here.
The U.S. government is working with the private sector to bolster the country’s cybersecurity, the White House recently announced. During a meeting on Aug. 25, President Joe Biden called on companies to “raise the bar on cybersecurity” and outlined a number of initiatives to address the growing threat of cybercrime, including plans for the National Institute of Standards and Technology to work with industry partners on new cybersecurity guidelines.
The news came just months after a May ransomware attack temporarily shut down the Colonial Pipeline, one of the largest fuel pipelines in the U.S., causing gas shortages and consumer panic-buying. This and other recent cyberattacks threatening American infrastructure make cybersecurity a fitting national priority, said Matthew Lefchik, Director, Cyber Risk Management, Node International, Detroit/Farmington Hills, Michigan.
“The Colonial Pipeline attack was so significant because it really disrupted consumers,” he said. “The government is seeing these recent attacks impacting the supply chain and getting involved not only because of the impact on consumers, but also there is relevance to who these bad actors are, and we do not want to be paying them.”
Insurance carriers have also joined the Biden administration’s plans to combat cybercrime, with one provider saying policyholders will need to meet certain cybersecurity standards to access Cyber & Privacy Liability Insurance coverage, and another committing to make cyber risk assessments and monitoring free for any organization, the White House noted in its announcement.
The government is seeing these recent attacks impacting the supply chain and getting involved not only because of the impact on consumers, but also there is relevance to who these bad actors are, and we do not want to be paying them.
Matthew Lefchik
Find the full article here.
From ransomware to SolarWinds, the cybersecurity space has been as hectic as it has ever been over the last 12-24 months. However, for all of the emerging threats and news that are cropping up on the horizon, phishing — one of the oldest pain points in cybersecurity — is continuing to quietly wreak havoc, and is as big of a threat as it has ever been.
Despite often being overlooked in terms of hype, phishing has been a mainstay in the cybersecurity threat landscape for decades. In fact, 43 percent of cyberattacks in 2020 featured phishing or pre-texting, while 74 percent of US organizations experienced a successful phishing attack last year alone. That means that phishing is one of the most dangerous “action varieties” to an organization’s cybersecurity health. As a result, the need for proper anti-phishing hygiene and best practices is an absolute must.
With that in mind, here are a few quick best practices and tips for dealing with phishing threats.
Phishes are masters of making their content and interactions appealing. From content design to language, it can be difficult to discern whether content is genuine or a potential threat, which is why it is so important to know the red flags. Awkward and unusual formatting, overly explicit call outs to click a hyperlink or open an attachment, and subject lines that create a sense of urgency are all hallmarks that the content you received could be potentially from phish and indicate that it should be handled with caution.
2. Verify the Source
Phishing content comes in a variety of ways, however, many phishes will try to impersonate someone you may already know — such as a colleague, service provider or friend — as a way to trick you into believing their malicious content is actually trustworthy. Don’t fall for it. If you sense any red flags that something may be out of place or unusual, reach out directly to the individual to confirm whether the content is authentic and safe. If not, break-off communication immediately and flag the incident through the proper channels.
3. Be Aware of Vishing and Other Phishing Offshoots
As more digital natives have come online and greater awareness has been spread about phishing, bad actors have begun to diversify their phishing efforts beyond traditional email. For example, voice phishing — or vishing — has become a primary alternative for bad actors looking to gain sensitive information from unsuspecting individuals. Similar to conventional phishing, vishing is typically executed by individuals posing as a legitimate organization — such as a healthcare provider or insurer — and asking for sensitive information. Simply put, it is imperative that individuals be wary of any sort of communication that asks for personal information whether it be via email, phone or chat — especially if the communication is unexpected. If anything seems suspicious, again, break-off the interaction immediately and contact the company directly to confirm the veracity of the communications.
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Phishing may be “one of the oldest tricks in the book,” but it is still incredibly effective. And although it may be hard to spot when you may be in the midst of a phishing attempt, by exercising caution and deploying these few fundamentals, individuals and organizations more broadly can drastically mitigate the chances of falling victim to a phishing attack.
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