IBM has announced an IRP solution in the form of new incident response capabilities from the IBM Resilient security portfolio to help companies get ready for the General Data Protection Regulation (GDPR) that is now only a year away.
The new capabilities will provide the opportunity for companies to rehearse for the incoming legislation, and guidance on how to manage it when it gets here.
Now included in the IBM Resilient Incident Response Platform (IRP) are intended to make the preparation process interactive and dynamic; an attractive opportunity compared to the arduous task that organisations expect.
An interactive tool will be provided that gives a step by step guide on the preparation process, simplifying the complex task. A simulation process is another new capability, this will allow practice for the 72-hour breach requirement period, and a privacy module that will update to stay abreast of the regulation once it hits.
Statistics have shown that close to half of the organisations in the UK are still not aware of GDPR and the massive penalties that an organisation can incur by failing to meet the required standards.
Not only will the new IBM capabilities raise awareness for clients, but the chance to practice in advance of the changes will soften the blow on the 25th of May 2018, potentially saving a figure equivalent to up to 4% of a company’s turnover.
IBM Resilient CEO John Bruce said: “GDPR is ushering in some of the most important changes to European data privacy regulations in twenty years, much of it involving policies and documentation that are difficult to improve with technology… The Resilient Incident Response Platform is designed to help businesses comply with GDPR. It prescribes and can orchestrate people, process and technology in specific responses to data breaches.”
It is evident that methods of support such as these capabilities provided by IBM are extremely important to brace organisations for the arrival of GDPR. Research from the Ponemon Institute has surveyed professionals and discovered that 66% are not confident in their organisation’s recovery abilities following a cyber incident.
Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute, said: “GDPR will add a new set of challenges for most organisations… Our research shows that most companies globally do not feel confident in their ability to comply with data breach notification requirements. To get ahead of these challenges, organisations should be proactive about establishing processes and owners for ensuring compliance with the new requirements.”