The latest News and Information on Data Security including privacy, protection, and encryption.
GLBA compliance isn’t something to take lightly. These measures are strictly enforced by the Federal Trade Commission (FTC). In 2018, for instance, Venmo and its parent company PayPal reached a settlement after complaints about the company’s handling of privacy disclosures. The peer-to-peer payment app had 150 days to adhere to GLBA compliance, or it faced fines of up $41,484 per violation.
Protecting the data of an organization is a complex task. Data is the crown jewel of any organization which the adversaries continuously seek to get their hands on. Data is threatened both by external attackers and internal threats. Sometimes the threats are malicious, and in many cases, they are accidental. Both these cases have to be addressed by modern enterprise security departments.
When it comes to Data protection, we used to talk about securing the perimeter with firewalls, VPNs, cybersecurity training for employees, to prevent data leaks - remember those days?? Well, these days, things are a little different as we now have remote working to contend with. As a result, Zero Trust has crept in and tilted the formula for Data security and securing network perimeters is no longer effective.
