This past July, Europe’s General Data Protection Regulation (GDPR) was passed into law. This new ePrivacy law brought forward two major changes: the first being tougher regulation on data collection and increased security measures to protect that data; second was new financial penalties for non-compliance that can go up to 4% of a company’s revenue or $25 million (whichever is higher).
Some companies already face huge fines as the result of GDPR. According to Erin Winick, associate editor at MIT’s Technology Review, British Airways might have to pay $650 million USD following a hack on their database.
“If it’s determined that British Airways didn’t do enough to protect consumer information, it could be facing a fine of up to 4 percent of its annual revenue (that works out to about 500 million pounds).”
In an upcoming webinar on the subject, Evizone Chairman William Wells, along with Joseph Rossi, Principal TurtleBay Advisory Services, and Mary Beth Borgwig, CEO of Standish Cyber Corp, will be discussing the post-GDPR changes, the timetable for implementation, the implications to Financial Service Organisations-Policies, Operation and Technology issues and how businesses can prepare for those changes.
This webinar, organized by FSO Knowledge Xchange, will inform business executives and tech specialists on their responsibilities and their obligations before and after a data breach, the penalties and liabilities imposed on processers and controllers, and most importantly, practical advice on how to improve your overall information security in line with the GDPR’s requirements.
The webinar is set to take place on September 13 from 10 am to 11:30 am EST. Interested parties can sign up at https://www.fsokx.com/Webinar/WebinarIntroduction.aspx?evId=63.
“Evizone’s military grade encryption is exactly what the GDPR webinar viewers are looking for,” said Mr. Wells. “Company executives today know how important it is to safely keep and protect their customer’s data and compliance archiving are for their businesses. With Evizone Communications Governance (ECG) they finally have a simple, secure, and easy way to meet their regulatory needs.”
Evizone is the perfect solution for your business’ electronic communications. Multinationals have failed to properly protect their clients’ data in accordance to the GDPR standards. Don’t wait for your company to face fines before getting your data protection to conform with GDPR. Visit our website to learn more about the Evizone Communications Governance which will allow you to be up to date with the latest regulations. You can test our free trial here.
About Evizone Ltd.
Evizone Ltd. is a revolutionary secure communications, encryption and compliance software and service provider based in Montreal, Quebec, Canada. Evizone offers innovative enterprise solutions in secure messaging (next generation beyond encrypted e mail) and encryption, encryption at rest, regulatory compliance, compliance archiving, WORM compliance, 17a-4 compliance, document life cycle management and communications governance and risk management. Evizone’s services protect organizations through best in class security, encryption, recipient controls, document life cycle management, discovery management, compliance management, compliance archiving, tamper proof WORM and 17a-4 compliance archiving and complete audit records against the enormous damage caused by communications breaches. Evizone’s patented technologies offer a level of security impossible to obtain with conventional or encrypted email and fast, powerful, user friendly compliance archiving. Evizone’s services are immediately available on multiple platforms and provide the strongest commercially available communications security and compliance archiving. You can follow Evizone on Facebook, Twitter, and LinkedIn.