The European Union’s new General Data Protection Regulation (GDPR) came into effect in May of this year. While many in North America believe that since they are not located within the European Union the regulation does not apply to their operations, the territorial scope of the GDPR is well and truly global. Many of these companies are unaware that the GDPR is applicable to any organization conducting business within the EU, including those simply collecting data there.
In the last few years, executives overseeing energy, utility and other industrial organizations have begun to worry about the threat of cyberattacks on our nation’s most critical infrastructures. Ten years ago, their main concerns were focused on safety or environmental risks. Back then, operators believed the virtual barricades, or air gaps, between networks and technologies were sufficient enough to defend against malware and cyberattacks.
Advocating for the return on investment (ROI) in IT security has traditionally been a challenge for IT professionals to communicate to management. IT teams are responsible for the complicated task of balancing budget limitations with strong protection that will reduce the risk of a cyberattack in today’s dynamic threat landscape. However, according to a recent Kaspersky Lab report, businesses are starting to invest more in IT security rather than treat it as a cost center.