Demystifying the common GDPR Myths

Published on: 23 October 2018 Last Updated on: 15 November 2021

As one of the most common discussions around the internet today, data protection has seen huge changes in 2018. Indeed, the introduction of the European Union’ General Data Protection Regulation (GDPR) program is making companies finally face up to their corporate responsibilities. While this has been more than a long time coming, it has not been dealt with well for the most part in the recent decades.

This step from the EU is a merciful way to help make the regulation change as soon as possible. However, like all major regulatory changes, some half-truths and full-blown myths have emerged. What are some of the common tall tales told about GDPR that you need to look out for?

1. GDPR is just a mechanism to fine companies!

Absolute hogwash, to put it bluntly. GDPR is a mechanism to send data protection back to the people who the data actually is about, not the company. A company can be fined as much as £17m, or 4% of their annual turnover, by the GDPR. However, this isn’t some committee looking to pay for their holidays and Christmas party: this is here to stop citizens being ripped off any longer by companies.

2. GDPR fines are handed out without warning

We don’t know where these kinds of ideas come from, but it’s just not true in any capacity at all. fines in GDPR will be proportionate to the issue at hand: a small company with a GDPR breach will be fined a reasonable amount. Also, you are given two – almost three – warnings about GDPR compliance failure.

You won’t just find a team of armed guards in EU flags turning up, don’t worry!

3.GDPR came from nowhere

For years, GDPR was reported on and discussed at length. It was not a surprise. Companies were given the best part of a full calendar year to get their systems into spec before the May 2018 roll-out.

Companies that missed the GDPR call-out would simply have not been paying attention to data protection policy changes. This was not a surprise for anyone who followed the industry. If you were a business that did not see GDPR coming, then we recommend that you spend some more time looking at European law changes: this was not a surprise!

4. GDPR is constraining businesses

Again, not true – GDPR merely makes businesses take responsibility for the data that they have. GDPR is making it harder for consent to be presumed, and instead, it has to be clearly provided. The days of pre-ticked boxes for consent are gone. It’s also going to be much easier for people to withdraw their consent if they so choose.

This is not constraining businesses, it’s merely making a part of the web that was thoroughly amateur in its people protection a bit more stringent in the way that you think and acts like a business.

5. GDPR was not necessary

This is also quite untrue: GDPR was absolutely necessary. It’s simply putting in place a foundational program that reinforces key terms such as the Data Protection Act, and also makes companies more likely to care for the data they hold instead of using it recklessly.

This myth, that GDPR is not necessary and was just added in to add more ‘red tape’ is not the case at all. All of the data breach stories of the recent years would have been almost impossible under GDPR: in a bid to give people back power over their own data, GDPR was essential.

GDPR compliance is a fixed process

This has been around for some time and is not the case at all. While it may have rolled out in 2018, the EU is fully aware that getting ready for it will take some time and effort. While the two years to get ready was more than enough, with ICO regulation kicking in as of May ’18, there is going to be change to it as time goes on.

This is not like the Y2K bug; out of all the painful misconceptions about GDPR, this may be among the worst. You might not like the need to be more specific with data regulation, but GDPR is a good thing – the myths make it sound like the end of the world. All it is, in reality, is an end to lawlessness in data protection and regulation.

Final Take Away

Hence, these are some of the crucial facts that you have to take care of while you want to improve your business in the correct order at the correct point in time. Do not make your choices in grey while you want to develop your current business in the right direction.

Read Also:

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

How Your Hedge Fund Will Benefit from a Virtual Deal Room

The 21st century has been a time of great improvement within our society, and as it has progressed, it has become evident that these changes are only going to continue even further. Our society has undergone a major transformation in the past 20 years, as the Internet and other technologies have become completely ubiquitous all over the world. One of the most important technologies that hedge funds invest in to protect against hackers is virtual deal rooms. People have adopted technology into their personal lives and it has also pervaded into the professional sphere as well. The Internet has totally revolutionized the economy and as it continues to do so, its effects will become even greater. While there is a multitude of industries where the impact of the Internet can be witnessed, hedge funds are one of the most affected fields. What Does Technology Do for Hedge Funds? There has been a major transformation throughout the entire investment industry and hedge funds have been greatly influenced by the prevalence of the Internet. All hedge funds do at least some of their business online in the modern era, so it is imperative that these companies are prepared for the needs of a modern investment sphere. Hedge funds are frequently handling extremely large sums of money in their computer systems, so it is critical for them to ensure that their cybersecurity is up-to-date. Having advanced cybersecurity is essential for hedge funds, especially when working on large deals, and utilizing the top tools available is crucial for their success. One of the most important technologies that hedge funds invest in to protect against hackers is virtual deal rooms. What are Virtual Deal Rooms? There are numerous cybersecurity tools that hedge funds utilize, and virtual deal rooms are one of the most prominent. A virtual deal room is a secured online database where information surrounding a deal can be effectively protected. Virtual deal rooms are used by hedge funds for their security features, but they also have numerous other helpful facets as well. Some of these include IPOs and due diligence and learning about how they aid these types of companies is essential before deciding to invest in one for your business. How Do Hedge Funds Benefit from a Virtual Deal Room? There are numerous security features that all top hedge funds utilize, and virtual deal rooms are one of the most secure. Protecting financial and other sensitive information is imperative for hedge funds, so learning about the features of a virtual deal room is essential. Some of the top features include customizable NDAs, view only-access for documents, dynamic watermarking on documents, and assign granular permissions. Other features are permission-based user roles, streamlined organizational processes like data room archiving, drag and drop uploading, and much more. Understanding how virtual deal rooms benefit top hedge funds is an essential step before deciding to invest in it for your business. Final Thoughts The investment industry is undergoing major changes as the Internet becomes more prevalent in the industry throughout the 21st century. Web-based tools like virtual deal rooms are extremely important to hedge funds and understanding their benefits is critical for the success of your company. Read Also: Characteristics Of That Dreadful Landlord You Should Avoid Debt Management: Why It Pays To Seek Help From The Experts? Recognizing How Important Inventory Management is to Your Ecommerce Store

How VPN works on Windows and how you can benefit from it

Windows is one of the most widely used operating systems in the world. It is estimated that there are more than a billion Windows users worldwide. This extensive usage means that the amount of data available on Windows systems is enormous making them a target for hacks and other kinds of cyberattacks. A recent article published by Forbes reveals that unsigned firmware in laptop cameras, network interface cards, Wi-Fi adapters, and USB hubs puts millions of Windows users at risk of data theft and ransomware attacks. These threats and vulnerabilities make the use of a VPN for Windows imperative. Here’s how a VPN for Windows works and how people can benefit from it: How a VPN for Windows works A VPN for Windows 10 works by plugging the source of all hacks. The user's IP address, while they are connected to the internet, is what leads cybercriminals to their position and allows them to initiate attacks. VPNs masks this IP address to minimize the ability of any cyber attacker to track and infect the system. The service will effectively eliminate any chances of malware or other bugs being able to reach the system software or hardware. Did you know that Windows 10, the latest version of the operating system comes with its VPN client too? Windows acknowledges the prevalent threat from cybercrime and provides users with the option to enable data security from within the system. This VPN client can serve as a great complimentary service to a comprehensive VPN but it limits functionality because you can only connect to specific servers and this restricts internet access to a great extent. The benefits of a VPN for Windows There are several benefits of a VPN and these go beyond just allowing internet freedom without any restrictions. The main features that a VPN offers revolve around providing elaborate cybersecurity. Cybercriminals and their tactics are constantly evolving and this trend is expected to continue for several years. Here are some of the advantages that a VPN brings when it comes to providing protection against a variety of threats. Comprehensive cybersecurity VPNs offer a wide range of options to protect Windows systems against malicious elements online. These include secure servers spread across the globe and state-of-the-art AES encryption services which makes it hard for hackers to steal data emerging from the system. Most leading VPNs have over the top features like public Wi-Fi security, secure DNS, dedicated IPs, internet kill switches, DDoS protection and a lot more besides. All these features are effective in protecting a Windows system against cybercrime threats. Advanced encryption protocols Encryption is a vital pillar of cybersecurity and the more elaborate it is the better. Highly rated VPNs make sure that they provide additional encryption protocols for users to support themselves and the protection of their online presence effectively. These advanced protocols can be added on top of the standard features so that the overall strength of encryption can be increased. Some security steps to help you protect your data online It is important to note that a VPN alone can’t provide complete cybersecurity. The biggest loophole at times in the protective guard is the user themselves. There are tools and measures that are imperative to be taken in order to ensure that the threat is minimized to a level where it becomes insignificant. Here are some of the most effective tips in this regard: Use antivirus A VPN is good at detecting threats that may be incoming but users need something that can deal with elements that have already made their way into the system. This is where a good antivirus comes into play. It screens the device on a regular basis to make sure that no harmful malware is hiding inside the device because viruses have the ability to sit in a device for a long period of time and the user only gets to know about them after it’s too late. Update all software regularly Software that is out of date is much more vulnerable to cyberattacks because the development team has stopped working on protecting it. This means that if your software is not updated you are a greater risk of hacks and other attacks as compared to when your applications are up to date. Install a secure browser like Tor Tor is one of the browsers that hide user IP addresses as default. The IP originally is public but when you use a browser like Tor, it is masked, to begin with. Tor is not a complete of an alternative of a VPN though because the latter provides a lot of extraordinary features whereas the browser is just a basic service that is not adequate on its own. Always keep strong passwords Many of us shy away from strong passwords because they are hard to remember especially since there are so many of them. This is one of the biggest mistakes to make. There are several secure password managers out there which can hold all passwords, auto-fill them when necessary and take the burden of remembering them off your shoulders. Stay vigilant Vigilance is one of the most crucial factors because scams like phishing, man-in-the-middle or other similar ones have nothing to do with VPN. Protecting from these all comes down to being aware and careful of the existence of these threats. Conclusion While a VPN has become a necessary tool to have these days, it is more important to have knowledge about the threats and being vigilant to protect against them. Recommend Post: 8 VPN Facts – You Should Know About Top 7 Torrent Applications with VPN Support Five Tips to Make Sure Your Security Software Is Actually Secure

Identify Malicious Emailers With Online Tools

Email and various online tools have become a valuable means of communication among business users and individuals over the years. Many of us now use email daily for work purposes and get in touch with friends, family, or businesses that we are dealing with. When you use email, you can benefit from a convenient and speedy method of communication, and you can even send attachments and documents instantly to people. Unfortunately, another group of people who turn to email technology is scammers, and there are all sorts of email scams that have done the rounds over the years. On top of this, email technology is also used by people with similarly questionable motives, such as those sending abusive, malicious, and even threatening emails to others. Naturally, steps need to be taken in all of these situations. Among many AI-powered online tools, online email lookup is an excellent example of a perfect online tool to provide a fast solution. Why Are Online Tools A Simple And Effective Solution? These online tools are the solution that provides valuable and simple clarification for both businesses and individuals who want to learn more about malicious emailers and scammers. It can possibly provide a range of information that can help identify who is behind the emails. Some of the information that you can find out by using these tools could include: The real name of the person linked to the email address Age of the person Any criminal history Address details Social media profiles of the person With all of this information in hand, it makes it far easier for you to identify whether suspicious emails you receive are from scammers. In addition, it makes it easier for you to find out who has been sending the emails, which then means that you can take action with far greater ease and speed. The Advantages Of Using The Online Tools One of the great things about using these tools to help identify malicious and scam email senders is the simplicity involved in using them. In addition, you can access the tools with ease online, which means that you can conduct your research from the privacy and comfort of your own home or place of work. All you need to identify email senders is the actual email address you are suspicious about, and you can then run a search against this online using these tools. Once you have done the search, you could have far more detail about the sender, and this can make it much easier to make informed decisions. You will be able to tell whether the emails are scam ones rather than from bona fide emails. In addition, if you have received malicious emails, you may be able to find details of the person linked to that email address. Once you have details such as these, you can report them to the relevant authorities to take action. Online tools are helping you to identify the suspicious activity on your accounts and find the source of the mails. However, spam emails are the biggest challenge for any personal and professional mail handers. Even the spammy mail, the hackers are also trying to enter into your system. When you are using the online AI-powered tool, you can block and identify the source of the spam emails. Often the young people face many troubles, and the stalkers are tracking them down from their social media profiles. When you are using online tools to track the source of spam emails or malicious emails, you will find the stalker’s address, social media profiles, and many other documents that are enough to file a report to the police authority. Conclusion: As you can see, these online tools can prove invaluable in terms of helping those who are being subjected to these types of emails. This can help reduce the stress of this situation and get them sorted out with speed and efficiency. Your safety is the most priority. From your social media profile, everyone can track down many other details about you. So if you are facing this type of trouble, first identify the source then take legal actions against them. Read Also: 6 Benefits of Microsoft 365 Security 5 Tips to Improve Your Internet Privacy Ways Of Protecting Your Privacy Online

Demystifying the common GDPR Myths

1. GDPR is just a mechanism to fine companies!