Page 6 - Cyber Warnings December 2015

tools to ensure compliance with pending regulations. Even with daily news about data
breaches and hackers attacking businesses, almost half (47%) indicated that their
organizations have no policies or controls limiting employee access to consumer-grade
cloud storage and file-sharing systems.

Only 44% of survey respondents said that they currently monitor user activities and provide
alerts to data policy violations, and only 53% classify sensitive information to align better
with access control technologies.

Nations are taking necessary steps to protect the data of private citizens with legislation like the
GDPR. But the side effect to this reform is that businesses are struggling to understand and
properly prepare for their responsibilities.

In this new world, business leaders will need to be aware of different jurisdictions imposing
inconsistent and often incompatible mandates in various nations. The GDPR will come into force in
two years, and many more nations are likely to follow suit with their own regulations.

With all of these regulatory changes, organizations need technology options and subject matter
experts, such as a Chief Privacy Officers or international legal counsel teams, to help them properly
prepare for a whole new world where they are directly responsible for compromised data, no matter
where it rests or travels.

About the Author

Ronald W. Hovsepian is president, CEO and director of Intralinks, a global
supplier of secure collaboration solutions for highly regulated industries.
Previously, Ron served as president and chief executive officer of Novell,
Inc. Before that, he held management and executive positions at IBM
Corporation. Ron currently serves as a member of the board of directors of
ANSYS, Inc.

He was formerly a non-executive chairman of the board of directors of the Ann Taylor Corporation.
In addition, he served as managing director with Bear Stearns Asset Management, a technology
venture capital fund, and managing director of Internet Capital Group, a venture capital firm, during
his 28-year career. Follow Ron on Twitter: @RonHovsepian.

6 Cyber Warnings E-Magazine – December 2015 Edition
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