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Avoiding Breach Fines

DATA PROTECTION—EU

October 8, 2013

With a new 24-hour breach reporting mandate in place for companies doing business in the EU, WatchDox Co-founder and CEO Moti Rafalin writes for ITProPortal, “Businesses in Europe now get a single day in which to figure out what went wrong, who could be hurt by it and how they will prevent it from happening again,” adding, “With that kind of stringent reporting regulation on the books, it’s hard to imagine why any electronic communication service companies … would fail to do everything possible to avoid security breaches.” With potentially more strict breach mandates on the horizon within the proposed EU regulation, “the choice organizations face now is whether to invest in prevention or suffer the consequences of data loss in the face of new regulations and potential litigation,” Rafalin writes.
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