Wave Systems Corp. (fka WAVXQ)

[Genz2]

Only 20% of companies have fully completed their GDPR implementations

https://www.helpnetsecurity.com/2018/07/16/complete-gdpr-implementation/?utm_source=twitter&utm_medium=social&utm_campaign=corpcomms&utm_content=industry-news

Key findings from a survey conducted by Dimensional Research highlight that only 20% of companies surveyed believe they are GDPR compliant, while 53% are in the implementation phase and 27% have not yet started their implementation.

EU (excluding UK) companies are further along, with 27% reporting they are compliant, versus 12% in the U.S. and 21% in the UK. While many companies have significant work to do, 74% expect to be compliant by the end of 2018 and 93% by the end of 2019.

While many companies still have a long way to go, a comparison to August 2017 research shows significant progress in the past ten months. The number of companies whose GDPR implementation is under way or completed increased from 38% to 66% in the U.S. and from 37% to 73% in the UK.

The cost of compliance is high
•27% of companies spent over half a million dollars each to become GDPR compliant
•31% of companies plan to spend over half a million dollars each on GDPR compliance efforts between June and December 2018
•18% of US companies spent over 1 million dollars each on compliance versus 8% for UK and 8% for EU companies.

Most companies are positive about GDPR

Despite difficulties in becoming GDPR compliant, 65% view GDPR as having a positive impact on their business. Only 15% view the GDPR as having a negative impact on their business

Customer expectations and complexity top GDPR drivers
•Meeting customer expectations (57%) was the main driver to become compliant, significantly higher than concern for fines (39%)
•Complexity of GDPR posed the biggest challenge to comply.

GDPR will continue to drive privacy investments
•87% indicate that data privacy will become more important at their companies post the GDPR deadline
•80% of companies plan to increase their spending on GDPR technology and tools to maintain compliance.

https://www.wavesys.com/products/wave-self-encrypting-drive-management

Enterprises choose Wave to manage SEDs

Why? From our single console, you can manage all your organization’s self-encrypting drives (SEDs) easily and remotely, whether they number in the hundreds, or hundreds of thousands.

SEDs are the most secure, best-performing and most transparent encryption option for protecting data on laptops. These drives automatically encrypt all data written to the drive, so you don’t have to decide what’s important enough to encrypt. They also perform this encryption in the hardware of the drive, so you don’t end up with the performance issues software full-disk encryption is infamous for. SEDs are available as HDD or SSD, and are sold by most major drive manufacturers.

Wave’s management solution delivers remote drive initialization, user management, drive locking, user recovery and crypto-erase for all Opal-based, proprietary and solid-state SEDs.

Easy proof of compliance

Your encryption is only as good as you can prove it to be. To comply with most data protection regulations, your organization has to prove encryption was in place at the time of a potential breach. Wave provides secure audit logs to help you demonstrate compliance.

If you lose a device with a Wave-managed SED, there’s no wondering or guessing. You know encryption was on by default, and you can prove it.

No vendor lock-in

SED technology was created and standardized by a consortium of the best in the infosec industry, a standards body called the Trusted Computing Group (TCG). This means you can buy your drives wherever you want, from whatever vendor you want—any SED built to the TCG’s Opal specification can be managed by Wave.

No SEDs yet? No problem.

If your organization hasn’t yet deployed SEDs, you can skip the process of retro-fitting and simply incorporate SEDs on all new laptops as part of your regular refresh cycle. In the meantime, the same Wave console can manage BitLocker and SEDs, so you can protect the devices you have now with BitLocker and add those with SEDs as they are deployed. And if you’re using Wave’s cloud platform, you can also support OSX FileVault2.

Pick your platform

Wave SED management is available via the cloud or on-premise servers. Ask us for more details about which platform is right for your deployment.

https://www.wavesys.com/products/wave-virtual-smart-card

Wave could have a big impact in getting companies GDPR compliant. imo.