With the upcoming introduction of far reaching regulations, such as the GDPR, data security is a topic on every business owner’s mind in 2018. Ensuring the security of your data while it is active is one of the greatest issues faced by businesses on a day to day basis, but what happens when that data reaches the end of its life, and the time comes to dispose of it? This is often the most vulnerable stage for data, particularly when it is stored or transferred from one place to another.
Data Governance refers to the principal strategy that an organisation employs to cover the availability, integrity and security of their business data. It is one of the biggest challenges that companies face and failing to get it right can not only result in financial implications, but reputational damage too. In this blog, we will cover the biggest challenges in Data Governance for 2018 and what businesses might do to overcome them.
2017 was a year of celebration at EOL as we entered our 21st year of trading – and what a year 2017 proved to be – with many key achievements.
Established in 1996, EOL are immensely proud to be one of the longest standing and most respected ITAD’s in the industry and remain, the most accredited independent.
Throughout 2017 we continued with our commitment to data security, enhancing our compliance by achieving UKAS 27001 – a great achievement by the EOL team.
We processed a total of 317,783 devices for our Clients and eliminated a total of 15,333,304 GB of data securely.
On 25th May, 2018, the GDPR will come into effect in the EU, instigating widespread change in the way businesses handle and process data. The GDPR is designed to protect the privacy of EU citizens, and will require that any business that operates within the EU, or processes the data of EU citizens, has adequate data protection and data breach measures in place. Those businesses who fail to comply with the new regulations are liable to incur fines of up to €20 million, or four percent of annual turnover, whichever is greater.
Data is one of the most valuable assets available to your business and how effectively you manage the quality, stewardship and accountability of that asset will determine, to a large extent, the overall success of your business.
The successful governance of your data requires participation and accountability across the organisation, from data stewards through to top level executives. To ensure effective implementation, there are five key data governance principles you need to be aware of.
Data, whether it concerns your clients, your employees or your company, is one of your company’s most valuable assets and ensuring that data is secure is of paramount importance. In our latest article on data security, we take a look at five ways in which your company can improve data security throughout the business.
1.Perform a Security Gap Analysis
A recent report by DellEMC, ‘The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things’, found, among other things, that the digital world is doubling in size every two years. As businesses, and our world as a whole, become increasingly digitised, the way in which we handle the ever expanding quantities of data at our disposal is crucial. The key ingredient in every successful digital transformation is data governance.
In our latest article, we take a closer look at the role of data governance in digital transformation.
All businesses today will be aware of the increasing necessity of a comprehensive data security plan. A data security plan helps to protect your company, your employees and your client data from potential data breaches. For smaller businesses, a standard data security policy will suffice, but for larger enterprises, whose data security needs are more complex, this simply isn’t enough. So, what exactly can these enterprises do to ensure the security of their business data?
Whether you are undergoing a refresh, relocating offices or beginning your journey to the cloud, you will need to ensure that your data is dealt with securely and for this, you will need to ensure that you engage with a reliable data processor. With so many companies claiming to be experts in IT disposal it is difficult to know who you can trust. To make sure you receive the IT Asset Disposal (ITAD) service that you and your data deserve, we’ve put together four key questions to ask your ITAD provider, to ensure you choose a reliable ITAD company.
There are a number of new and updated regulations coming into place in 2018, leading many businesses to seriously reconsider their approach to data security and how they manage sensitive data. We have heard plenty about the GDPR (General Data Protection Regulation) that will replace the current Data Protection Act, but there is another 2018 regulation that firms in the financial services industry must also consider: the Markets in Financial Instruments Directive II (MiFID II). The new regulation will come into place as early as 3rd January 2018, meaning that businesses in this industry must act as soon as possible to ensure that they are compliant.