Data443 Risk Mitigation Inc (ATDS)

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GDPR: SMALL BUSINESS OWNERS STILL ‘CLUELESS’ ABOUT DATA PROTECTION RULES, STUDY CLAIMS

(Poster's Note: Willing to pay $ millions in fines rather than a few thousand a year to ClassiDocs....how sad...and stupid)

"Small business owners polled for a new survey have admitted they are still “clueless” about GDPR - leaving the personal data of millions of employees and customers at risk.

Half of the 1,000 questioned were confused by the rules when it came to data protection and privacy regulations.

As a result, owners and employees alike have made mistakes or have procedures in place which could have resulted in a multi-million pound fine for the business.

More than a quarter of those polled allowed staff to use their own computers, tablets and phones for work purposes which contravene rules as personal data could be stored unencrypted at home.

And one in 10 revealed they have visitor books in their HQ - where visitors can freely see details of others who have been there previously. "

Read more...
https://www.independent.co.uk/life-style/gadgets-and-tech/gdpr-data-protection-cyber-attack-security-small-businesses-aon-study-results-a8679261.html

UK Information Commissioner Offers Insight Into GDPR Enforcement Approach

"For your GDPR compliance: Have a plan. Try your best. Embrace privacy.

UK Information Commissioner Elizabeth Denham spoke recently in New Zealand about data breaches and the state of the EU General Data Protection Regulation (GDPR) after six months.

Key takeaways included:

“EU data protection regulators [are] going to prioritize …enforcement activity towards those bad actors who are a direct threat to EU residents. Companies who are trying their best to comply with the rules and are cooperating with EU regulators can expect to engage the advisory and warning end of our toolkit rather than the 4 percent of global turnover fines.”

"If, within the 72-hour time limit, you have no clue as to the who, the what or the how of a breach, then you do not have the required accountability data checks and balances in place.

Since GDPR went into effect, there have been more complaints from the public – an increase to 19,000 from the previous 9,000 in a comparable six month period; and more breach reports – over 8,000 since the end of May when it became mandatory in some high risk circumstances."

“Businesses that embrace a commitment to strong privacy protection will be the ones to flourish”.

Read more...
https://www.jdsupra.com/legalnews/uk-information-commissioner-offers-31514/

A third of HR teams not deleting expired personal data

"A third of HR teams not deleting expired personal data
By Ashleigh Webber on 12 Dec 2018 in General Data Protection Regulation, Data protection, Latest News

A third of HR teams have admitted breaching the General Data Protection Regulation (GDPR) by failing to delete personal data about job candidates and employees who have left their organisation after data retention periods expire.

Six months after the GDPR took effect, many HR teams could be exposing their organisations to potentially huge fines by not fully complying with the regulation, a survey by software provider CIPHR has found.

Despite 83% setting retention periods for data related to employees, leavers and job candidates, only 69% had actually deleted their personal information when the periods had expired.

Yet, 87% of the 137 HR professionals surveyed said they were somewhat or very confident that their HR processes are fully compliant with the GDPR."

Read more...
https://www.personneltoday.com/hr/hr-not-deleting-personal-data-gdpr/

What Is a Distributed Ledger?

"Ledgers, the primary foundation of accounting, are as ancient as writing. They have been generated on various mediums over time starting from clay, stone, papyrus, to paper. However, the invention of blockchain technology led to the introduction of distributed digital ledgers. Are you asking yourself; what is a distributed ledger? Read on to find out.

The early digital ledgers that were introduced with the invention of computers mimicked the cataloging and accounting of the paper-based world. However, a rapid increase in computing power and advancement in cryptography complemented with the discovery of other algorithms facilitated the creation of distributed ledgers.

What Is a Distributed Ledger?
In simple terms, a distributed ledger is a digital database that records the transaction of assets where each transaction and its details are stored in multiple places concurrently. Unlike the tradition ledgers that required a central authority for manipulation, the distributed ledgers don’t have a central data store or administration functionality."


Each record on a distributed ledger is usually updated independently by each node in a larger network. The distribution of records over the network is unique since there is no any communication to different nodes from a central authority. However, each file is constructed independently and held by every node on the network.

The underlying principle is that every node on the network is independent. It processes every transaction that comes its way its way and makes its own conclusions before the voting exercise begins. Voting is done to establish whether a majority of the nodes agree with the conclusions."

Read more...
https://coinrevolution.com/what-is-a-distributed-ledger/

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