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London, 2nd March 2018 – There are less than three months before the General Data Protection Regulation (GDPR) kicks in. It should be of concern to insurers, risk managers and their clients that different regions outside the European Union, small and large businesses, and internal departmental silos such as HR, Finance and Marketing are still not ready to comply with the new EU law, according to Fifth Step CEO and GDPR author Darren Wray.
Fifth Step's Darren Wray will provide an overview of GDPR, but with less than 100 days to go until enforcement, firms are encountering issues and have questions that they need to get some guidance on.
At Fifth Step, we have been talking about and helping companies prepare for GDPR for the past 2 years. This week saw a big milestone passed: it is now less than 100 days until GDPR comes into enforcement. So what are some of the ussyes that firms should be looking at and making sure are in place or going to be in place in time for May 25th?
Who is running and monitoring your “Day to Day” IT Operations? This is something that is often taken for granted, and is so important to the day-to-day functioning of the business. It is only when there is a problem that the business realises how important the network, email and Internet access has become for the business. It is no longer acceptable to have your IT infrastructure unavailable during the business day. This covers anything from phones (latterly VOIP), company network, application systems to the Internet and the company website.
Those companies that understand and have the tools to interrogate their data will be able to identify business opportunities, such as potential growth areas, lines of business no longer performing, or perhaps to highlight areas where their exposure has now reached an increased risk level. Data is King and in this modern era where data from social media, mobile phones, websites, hobbies & lifestyles etc. is being used to influence our buying potential, it is important that your data is being used appropriately.
What is the everyday dilemma that faces all IT Managers concerning resources? “Do I put resources on new development or on baseline maintenance?” Fifth Step IR applications consultant Paul Chadburn explores all the options in the year ahead.
Social networking has changed the way we interact with friends, family and associates, writes Natasha Brown from Fifth Step. While social networks like Facebook, Twitter, LinkedIn and YouTube, play a significant role in most of our lives they are an increasingly high-risk target for cyber attacks. With hundreds of millions of users across various online platforms, these sites not only attract friends and family, but also people wanting to know about you for the wrong reasons.
Maintaining the application landscape is far from straightforward. Join Paul Chadburn and Chris Don to get an understanding on how your business can overcome the constant challenges of ensuring that your IT landscape is "Fit for Purpose".
Maintaining the application landscape is far from straightforward. Join Paul Chadburn and Chris Don to get an understanding on how your business can overcome the constant challenges of ensuring that your IT landscape is “Fit for Purpose”.
In this blog posting Fifth Step Project Manager Naimisha Nayee outlines her view why face to face meetings can ensure greater engagement, clarify meaning and drive participation
London, 19th January 2018 - The General Data Protection Regulation (GDPR) comes into enforcement from May 25th, 2018. The potential fines that can be levied by GDPR are large numbers. At their extreme, they can be as great as €20m or (and this makes it important to companies of all sizes), 4% of global revenue, whichever is the greater.
I spend a fair bit of my time speaking with senior people across the insurance sector, and when it comes to GDPR there are some common misconceptions that the market is suffering from. In this article written for Insurance Day magazine I will explore some common GDPR fallacies and explain what steps insurance firms should be taking to ensure that they’re on the path to international data privacy compliance. To read the original article in full, click here http://ow.ly/EXm530hMHAG
It was a pleasure to be part of This Week in Enterprise Tech on Friday, January 12th, with Curtis Franklin, Brian Chee and Louis Maresca.
DPR expert Darren Wray puts the incident under the microscope and outlines lessons learned from the fallout. Despite the first attacks on Equifax going back as far as May 2017, the full details of the breach have not and may never be fully released to the public. There is, however, enough information available for those on the outside of the organisation to observe the lessons that can and should be learnt. Read this Darren Wray bylined article written for Global Reinsurance magazine to learn more http://ow.ly/5xbd30hIzdm
The EU’s General Data Protection Regulation (GDPR) will be enforced on 25 May 2018. Whilst firms in Europe have had access to information about what it means for their country or industry sector, firms in Asia have not had the luxury. Darren Wray of Fifth Step shares five steps that Asian companies can take to comply in an article originally published in Asia Insurance Review magazine. To read the article, click here http://ow.ly/tdl830hIx1F but please note that a subscription is required or you can read the full article in this blog.