2018 has started on a promising note and enterprises are actively investing in cloud data protection and giving more emphasis on cloud based work models and mobile services, given the risk that these technologies possess in terms of possibility of data breaches. Come 25th May and enterprises in the European Union will have to ready with the appropriate data security protocols in place to meet the GDPR (General Data Protection Regulation) compliance deadline.
The lack of security awareness and training had been the attributes to most of the data breaches in 2017.
The above statistics show that, owning to the GDPR compliance deadline, there has been a steady increase in the spending on data protection measures by the enterprises. But, this spending is here to stay particularly so because of the stringent policy measures adopted and the fines for non-compliance of GDPR. What is surprising though is the adoption of traditional security technologies that offer limited solutions and may not be able to protect data given the ever-evolving data theft practices. But, security experts feel that this is going to change now as more enterprises adopt a risk-based approach to security.
No doubt, some of the European firms are in no mood to shift to newer security measures. But the renewed interest in IAM, SSO and other such solutions, which are a part of the CASB solutions suites means that, enterprises are ready to face the challenges of GDPR compliance and thus secure their confidential data.