Commenting on reports that the European Commission is planning to impose fines of up to five per cent of global turnover on errant companies losing private data, Varonis Systems is advising major corporates to invest in the necessary data defences before it is too late.
David Gibson, director of technical services with the unstructured data security specialist, says that the changes to EU data protection legislation – which will reportedly be announced tomorrow - are long overdue.
“We’re already seeing the UK regulator, the ICO, imposing its first major fines on public sector bodies, so it’s clear there is a wind of change in the air. And with penalties of five per cent of global turnover – rather like serious motoring offences, the advice has to be to shape up, or face the consequences,” he said.
- Published: 07 December 2011
- Written by NStinchcombe