According to the European Securities and Market Authority (ESMA) Chair, Steven Maijoor, cloud outsourcing can bring benefits to firms and their customers, for example, reduced costs and enhanced operational efficiency and flexibility. Cloud outsourcing also raises important challenges and risks that need to be properly addressed, particularly in relation to data protection and information security. Financial markets participants should be careful that they do not become overly reliant on their cloud services providers. They also need to closely monitor the performance and the security measures of their cloud service provider and make sure that they are able to exit cloud outsourcing arrangements as and when necessary.
According to the European Data Protection Supervisor (EDPS) in his recent opinion on the European Data Strategy, the predominant business model of the digital economy is characterized by an unprecedented concentration of data in the hands of a handful of powerful players, based outside the EU, and wide-scale pervasive tracking. The EDPS goes on to share that he strongly believes that one of the most important objectives of the European Data Strategy should be to prove the viability and sustainability of an alternative data economy model – open, fair, and democratic.
According to the recently published Cyberspace Solarium Commission report “Cybersecurity Lessons from the Pandemic,” the COVID-19 pandemic illustrates the challenge of ensuring resilience and continuity in a connected world. Many of the effects of this new breed of crisis can be significantly ameliorated through advance preparations that yield resilience, coherence, and focus as it spreads rapidly through the entire system, stressing everything from emergency services and supply chains to basic human needs and mental health. The pandemic produces cascading effects and high levels of uncertainty. It has undermined normal policymaking processes and, in the absence of the requisite preparedness, has forced decision-makers to craft hasty and ad hoc emergency responses.
According to the publishers, this paper is an aid to quickly checking your own security with regard to the availability of your own data processing within the meaning of Article 32 GDPR. The scope includes both the non-public as well as the public area. The work was created in a collaboration between the Bavarian State Office for Data Protection Supervision (BayLDA) and the Bavarian State Commissioner for Data Protection (BayLfD).
The expected disruptive developments collectively referred to as the Internet of Things (IoT) have drawn significant attention in many industries, disciplines, and organizations. While the concrete benefits and requirements are still not sufficiently clear, the general agreement on its relevance and impact is undeniable. As a result, a large number of initiatives and consortia from industry and research have been formed to all set the de facto standards and best practices. This work contributes to the state of the art by providing a structured analysis of existing reference frameworks, their classifications, and the concerns they target.
“There are several international standards and guidelines for developing the cybersecurity of a single organization, but it is difficult to find comprehensive tools for national governments. This handbook – National Cyber Security in Practice – is designed to fill that gap. The articles, written by seasoned experts, will give the reader an overview of the key elements that underpin the cybersecurity architecture of any country,” highlighted Arvo Ott, Chairman of the Management Board of e-Governance Academy.
One of the cyber scenarios highlighted in the Cyber Law Toolkit describes the potential use of ransomware against municipal governments and healthcare providers. Given the pandemic and recession constraints in today’s world, this scenario and its potential implications are more relevant than ever and worthy of consideration by legal, business, and information technology professionals.
The European Data Protection Board (EDPB) is an independent European body that contributes to the consistent application of data protection rules throughout the European Union and promotes cooperation between the EU’s data protection authorities. The following update shares an overview of recent EDPB guidance on the concept of consent under the EU General Data Protection Regulation (GDPR).
“The Coalition to Reduce Cyber Risk (CR2) is calling for a global approach to cybersecurity risk management underpinned by interoperable frameworks,” said Alexander Niejelow, President of the CR2 Board of Directors and Senior Vice President of Cybersecurity Coordination and Advocacy for Mastercard. “Our companies recognize that good cybersecurity risk management rests on a common security baseline of practices as well as a common taxonomy and lexicon. By recognizing this common core as a global standard, companies can more effectively reduce risk as we work across multiple economies and sectors.”
The following guidance, prepared and published by the Data Protection Commission (DPC) of Ireland, has been developed to aid data controllers and processors to ensure they meet their obligations with regard to the security of personal data they process.