The General Data Protection Regulation (GDPR) is designed to protect the personal data of EU residents by regulating how that information is collected, stored, processed and destroyed. The data security and privacy law applies to all organizations that collect the personal data of European Union citizens, regardless of location. The penalties for noncompliance with GDPR requirements are stiff. Many organizations are struggling with how to comply with GDPR.
In case you missed the Office of Management and Budget (OMB) (memo M-21-31), Improving the Federal Government’s Investigative and Remediation Capabilities Related to Cybersecurity Incidents, let me provide you the information that you need to know if you are in the federal government.
Around the world, and particularly over the past few years, regulators have been looking for ways to strengthen the resilience of the financial sector. In the European Union, regulators within the European Commission (EC) have taken a concrete step to meet this objective through the Digital Operational Resilience Act (DORA). The EC published a draft version of DORA in September 2020.