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Business Strategy

Cyber Awareness Trends, Threats and How To Protect Ourselves And Our Companies

Written by
Gina Chiruță
June 11, 2024
5 min read

The Importance of Cybersecurity

Guarding against cyber threats is crucial for protecting both people and data. You have the choice to either prevent these threats or manage them after an attack. Preventive measures, such as firewalls, encryption, and regular security audits, help mitigate the risk of cyberattacks. On the other hand, having a robust incident response plan is essential for managing and recovering from any security breaches that occur.

The Evolving Digital Landscape

With the rise of AI and cloud computing, securing these technologies is essential. The digital realm depends on secure communication to protect data exchanges between operational and informational technology. This ensures the confidentiality, integrity, and availability of critical data. As digital transformation continues to evolve, organizations must adapt their security strategies to protect against sophisticated cyber threats.

Understanding Technical and Organizational Measures (TOMs)

Are TOMs just related to the GDPR, which has been enforceable since 2018? Not quite. While technical and organizational measures are central to GDPR’s Article 32, regions like the GCC have introduced similar laws following the GDPR model. These measures encompass various security practices, including access controls, encryption, data minimization, and regular security audits to ensure data protection.

Regional Examples:

Bahrain: The Personal Data Protection Law mandates that data controllers implement sufficient security measures to protect data. Saudi Arabia: Recent amendments emphasize that data controllers must adopt necessary measures to secure personal data. UAE, Dubai: The International Financial Center's data protection law requires controllers to ensure personal data is protected against loss or unauthorized access by implementing adequate security measures.

Compliance and Fines in Europe

Since 2018, there have been over 500 fines totaling approximately €2 million for general data processing violations, and 300 fines totaling nearly €400 million for inadequate technical and organizational measures. This highlights a strong focus on security enforcement by authorities. The significant fines underscore the importance of complying with data protection regulations to avoid financial penalties and reputational damage.

The EU AI Act and Cybersecurity

The EU AI Act is set to revolutionize cyber risk management across various sectors. According to a study by RSM, this act suggests a notable shift towards stronger cybersecurity measures as organizations adjust to the new regulations. The Act’s full impact is still unfolding, but initial analysis indicates that customized guidance and effective AI system governance are crucial for reaping maximum benefits. Enhancing cyber resilience is becoming critical as industries strive to meet these new standards, ensuring the protection of digital assets and maintaining trust in a complex, interconnected digital landscape.

The Balance of Technical and Organizational Measures

Is it enough to meet regulatory requirements with only technical solutions? No. While technical requirements like anonymization and security measures (antivirus, multi-factor authentication, firewalls) are crucial, organizational measures are equally important. Investing in technology without proper monitoring by trained personnel can lead to security failures. Effective security requires good governance, which is often overlooked by many organizations.

Strategic Importance of Data Management

Data should be treated as a vital asset. If you don't treat data as an asset, you won't protect it. And generally, you should protect your assets; you protect what you've invested in. A way to do that is to have a strategy or a plan. Not having this can lead to vulnerabilities. It's important for organizations to understand the type of data they process to manage it effectively. Without proper data classification and mapping, data loss prevention tools are ineffective. Additionally, regulations often require detailed records of how data is processed, including how technical and organizational measures are implemented.

These expanded sections provide more depth and context, helping readers to better understand the importance and impact of cybersecurity measures in various contexts.

Conclusion: Building a Secure Digital Future Together

As software developers, our mission is to construct safe and secure digital products and services. Choosing the right developer is not just about skill; it's about ensuring a commitment to security at every level of creation. The stakes are high, as the integrity and safety of digital platforms directly impact user trust and operational success.

In an era where cybersecurity is paramount, partnering with developers who prioritize robust security practices is crucial. At Gatenor, we are dedicated to building a safer digital future. Our expertise in implementing advanced security measures and compliance with global standards ensures that your digital assets are protected against evolving cyber threats.

Let’s work together to create secure environments that stand strong against cyber threats. Whether you need a custom software solution, a secure mobile app, or robust enterprise systems, our team is here to help you navigate the complexities of digital security.

Contact us today to learn how we can help you build secure and reliable technology solutions tailored to your needs. Together, we can safeguard your business and contribute to a secure digital landscape for all.

Gina Chiruță
Head of Business Dev
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