New Data Protection Laws Force Companies to Choose Cybersecurity Carefully
The General Data Protection Regulation and other new laws will affect your business
July 19, 2018 - Colorado Springs, CO - Word of Europe's General Data Protection Regulation (GDPR) has reached everyone by now. But many businesses find it confusing and are asking how it affects them. Eclypses™, a leader in the cybersecurity software industry, has created a free downloadable Executive Brief about the GDPR to help organizations navigate this and similar new legislation when it comes to cybersecurity needs. The Brief is available on their website at https://www.eclypses.com/resources/
The purpose of the Brief is to create a clear picture of one overlooked aspect of the GDPR law and the repercussions associated with non-compliancy; requirements for the storage and transmission of private customer information. The Brief's key points include:
- 3 key obligations for data storage and transmission
- High non-compliance penalties for companies located outside the European Union
- Cybercrime's growing threat
- MicroEncryption® is the most secure method to prevent customer data breaches
Eclypses' Steven Russo, Executive Vice President, points out that California has recently signed into law its own version of the GDPR and other governments are expected to follow with similar legislation. Russo explains, "California's privacy law gives the state's 40 million residents many of the same protections as GDPR, yet not all of the same control, and each violation carries a substantial $7,500 fine for businesses." Russo added, "As other states in the U.S. and countries around the world follow suit by implementing their own privacy laws, common sense cybersecurity application and privacy policies will cut across these seemingly different requirements."
Protecting customer data during the transmission and storage process is critically important. Eclypses has developed an innovative new, turnkey data protection solution that keeps all critical data under lock and key, mitigating the risk of a mass data breech. Eclypses' proprietary MicroToken Exchange™ (MTE) data security solutions protect sensitive data from a breach of files at the field level by replacing pieces of data with MicroToken™ place holders.
In storage, known as data at rest, MicroEncryption replaces sensitive customer data such as social security numbers, credit card info, or health records and the original data is stored in an ultra-secure Private Digital Vault to be recalled when needed without affecting the user experience. Even if hackers pierce the firewall and perimeter defenses, they will only find meaningless MicroTokens.
For additional information about Eclypses and the GDPR Executive Brief, visit https://www.eclypses.com/resources/
Eclypses' industry leading disruptive cybersecurity software replaces user data with MicroTokens™ using MicroEncryption® to provide the highest level of data privacy available with the company's patent pending MicroToken Exchange™ (MTE) technology.
Applications range from secure command and control needs, including Internet of Things (IoT), to secure storage and retrieval of sensitive data, such as credit card information and healthcare records. Eclypses' MicroToken Exchange technology is helping enterprises and government agencies protect their most sensitive and private information from cybercriminals cyber terrorists today.
Eclypses' MicroToken Exchange (MTE) software complies with the European Union's General Data Protection Regulation (GDPR). In addition, Eclypses' technology is certified as Payment Card Industry Data Security Standard Level 1 (PCI-DSS) and Health Insurance Portability and Accountability Act (HIPAA) compliant.
The Digital Safety Deposit Box of CertainSafe®, a business unit of Eclypses, has been selected as a 2018 Editors' Choice Product by PC Magazine (PCMag) for best encryption software. In addition, the Digital Safety Deposit Box was designated as the most secure solution tested. The Digital Safety Deposit Box is an ultra-secure cloud-based service that makes it easy for businesses to securely store, access, and share valuable and private assets, and is built on Eclypses' cybersecurity software.
In recapping the coveted award, PCMag's Lead Analyst for Security Neil J. Rubenking writes, "When backing up your sensitive files to the cloud, CertainSafe Digital Safety Deposit Box emphasizes security over all else, but it doesn't sacrifice ease of use." Rubenking added that of all the solutions reviewed, "The Digital Safety Deposit Box has the most secure encryption software."