Do You Have a Roadmap for EU GDPR Compliance?

Do You Have a Roadmap for EU

GDPR Compliance?

David Morris,

Thought Leader

and Pioneer in

Cybersecurity

United States

Ian West,

Specialist in

GDPR, Data

Governance,

Data Privacy &

Security

United Kingdom

Ulf Mattsson,

CTO Security

Solutions

Atlantic BT,

United States

ulf.mattsson@atla

nticbt.com

Khizar A. Sheikh,

Chair, Privacy,

Cybersecurity, and

Data Law,

Mandelbaum

Salsburg

United States

[email protected]

mailto:[email protected]

mailto:[email protected]

GDPRCase Studies

Webcast - Aug 17

3

Title : Do You Have a Roadmap for EU GDPR Compliance?

Description : The General Data Protection Regulation (GDPR) goes into effect in 2018 and it will affect any business that handles

data, even if it's not based in the European Union.

Are you looking to move and host data for EU citizens? Do you have a roadmap and associated estimated costs for EU GDPR

compliance?

Join this webinar to learn:

• Case study and legal/regulatory impact to GDPR

• Security Metrics

• Oversight of third parties

• How to measure cybersecurity preparedness

Presenters : Ulf Mattsson, David Morris, Ian West. and Khizar Sheikh

Date & Time : Aug 17 2017 5:00 pm

Timezone : United States - New York

Webcast URL : https://www.brighttalk.com/webcast/14723/259741

GDPR Case Studies

Source: EU GDPR Report, Crowd Research Partners, 2017 4

1.US and Spain – customer data2.Italy, Germany and more – financial data 3.Germany – outsourcing4.Sweden – PII data

US Companies Ramping up

GDPRBudgets

PWC GDPR Survey

Source: PWC GDPR Survey, 20176

PwC recently conducted a pulse survey of 200 CIOs, CISOs, General Counsels, CCOs, CPOs and CMOs from US companies with more than 500 employees. The survey asked the c-suite about their plans for Europe’s landmark General Data Protection Regulation (GDPR). The “pulse” revealed five surprising results.

Over half of US multinationals say GDPR is their top data-protection priority

Source: PWC GDPR Survey, 2017 7

The EU reached agreement on the GDPR in December 2015, and in the last twelve months preparing for the new law’s obligations have jumped to the top of corporate agendas.

Of the 200 respondents to PwC’s recent pulse survey on GDPR preparedness, 54 % reported that GDPR readiness is the highest priority on their data-privacy and security agenda.

Another 38% said GDPR is one of several top priorities, while only 7% said it isn’t a top priority.

Information security enhancement is a top GDPR initiative


Much of the discussion about the GDPR has focused on the law’s privacy-centric requirements, such as mandatory record keeping, the right to be forgotten and data portability.

The GDPR’s relatively generic information-security obligations, however, figure prominently in GDPR plans of US companies.

•Among the 23% of survey respondents who haven’t started preparing for GDPR, their top priorities are data discovery, information security enhancement, third-party risk management and GDPR gap assessment.

•Among the 71% who have begun GDPR preparation, the most-cited initiatives in flight are information security, privacy policies, GDPR gap assessment and data discovery.

•Among the 6% who have completed GDPR preparations, the most-cited projects are information security, GDPR gap assessment, data discovery, and third-party risk management.•IT re-architecture is the lowest priority for companies in all three phases.

77% plan to spend $1 million or more on GDPR


Securing a $1 million budget for data privacy has been more an exception than a rule for many American corporations.

The GDPR’s potential 4% fine of global revenues, however, has changed budget appetites for mitigating this GDPR risk.

While 24% of respondents plan to spend under $1 million for GDPR preparations, 68% said they will invest between $1 million and $10 million.

Nine percent (9%) expect to spend over $10 million to address GDPR obligations.

Binding corporate rules are gaining popularity


The pulse survey asked executives which EU cross-border data-transfer mechanism they planned to use for processing EU personal data outside of Europe.

After the invalidation of the Safe Harbor agreement in October 2015, most Safe Harbor members implemented so-called model contractual clauses as a stop-gap measure.

Many observers, especially those in the legal community, thought model clauses would become the new norm.

While 58% of respondents reported that future strategies would include model contracts, a stunning 75% said they will pursue binding corporate rules (BCRs), while 77% plan to self-certify to the EU-US Privacy Shield agreement.

The uncertain future of both model contracts and the Privacy Shield may drive US multinationals to adopt two or even all three of these options to hedge their risks.

How US businesses are re-evaluating their presence in Europe


US corporations that are heavily invested in Europe will probably stay the course in the near term.

Indeed, 64% of executives reported that their top strategy for reducing GDPR exposure is centralization of data centers in Europe.

Just over half (54%) said they plan to de-identify European personal data to reduce exposure.

The threats of high fines and impactful injunctions, however, clearly have many others reconsidering the importance of the European market.

In fact, 32% of respondents plan to reduce their presence in Europe, while 26% intend to exit the EU market altogether.

Outlook: Striving to keep pace with the GDPR


American multinationals that have not taken significant steps to prepare for GDPR are already behind their peers. The typical large US corporation is currently moving through a data-discovery and assessment phase toward a multi-million-dollar remediation initiative that includes shoring up standard data-privacy and security capabilities in US operations. As European regulators in 2017 further clarify how they interpret the GDPR, more American companies are likely to re-evaluate the return-on-investment of their European initiatives.

GDPRWW Impact

GDPR Key Findings


Familiarity with GDPR


GDPR Impact


GDPR Impact by Industry


GDPR Compliance by Region


GDPR Compliance by Industry


GDPR Preparedness


GDPR Organizational Ownership


GDPR - Challenges


GDPR Initiatives


GDPR Chapters of Concern


GDPR Articles of Concern


GDPR Impact on Security Practices


GDPR Impact on Security Budgets


GDPRChallenges

GDPR Study - Demographics

Source: Ponemon Institute, 2017 29

GDPR – Our Sample


GDPR Most Difficult


GDPR PII Definition is more expansive


GDPR – Compliance to Breach Process


GDPR – Plan to meet GRC Requirements


GDPR IT Sec Budget


GDPR Data Governance Budgets


GDPR – Data Protection Officers

Source: Ponemon Institute, 2017

37

GDPR Governance In-place


GDPR – Rights to EU Citizens?


GDPR – Do you know Which Data has Gone to 3rd

parties?


GDPR compared to PCI, HIPAA and more


Preparing forGDPR

Preparing for GDPR

43

Preparing for GDPR: People

Source: IBM, 2017 44

Preparing for GDPR: Process


Preparing for GDPR: Technology


Preparing for GDPR Moving Forward


Steps for for Securing Data to Comply with the

GDPR

Does GDPR Apply?

Source: Imperva, 2017 49

Checklist for GDPR



Checklist for GDPR

GDPR Rules Requires Data Protection Technology


GDPR Prep Now or Pay the Price


GDPR – Plan to go The Distance


GDPR Already a Reality

GDPR Already a Reality

Source: Cordery Legal Compliance, UK, 2017 56

GDPR – Your Plan



GDPR – Your Plan

GDPR 12 Steps to take

now(ICO UK)

Preparing for GDPR

Source: ICO – Information Commissioner’s Office, UK, 2017

60

GDPR Key Problems and

Some Solutions

62

The Currency of Trust: The “Why” of GDPR

Source: Exate, 2017

What will GDPR cost?

Source: Exate, 2017

The Challenges …

Source: Exate, 2017

The Problem

Source: Exate, 2017

What If …

Source: Exate, 2017