Tuesday, October 17, 2017

Rackspace takes on data privacy and data protection with new GDPR-compliant cybersecurity portfolio

Understanding, protecting and complying with data regulations will be crucial to any business with digital assets.

Rackspace has launched a cybersecurity suite built to help identify and protect sensitive data as data privacy and data protection conversations intensify over the introduction of GDPR in 2018.

The Privacy and Data Protection (PDP) offering has been designed to work in a customer’s environment such as intellectual property, customer payment information and personally identifiable information.

The solution helps businesses understand the risk associated with data, enhance data protection overall and produces compliance reports containing information on a user’s data usage and how it is being protected.

Dee Richartz, Director, Managed Security and Compliance Services at Rackspace, said: “With the threat of fines of up to £18.2 million or 4% of annual global turnover [as ruled by GDPR], whichever works out higher, for failing to comply, it’s now imperative for organisations to have a clear understanding of the profile of personal data they hold and have clear policies and controls to safeguard the same.

“Only then can they ensure any risk is mitigated through compliance; avoiding major pay-outs and potentially damaging their reputation.”

However, 49% of global network security decision-makers have experienced at least one breach during the past 12 months despite the growing concerns around cyber security, according to a Forrester Research report.

Christy Schumann, general manager of Rackspace Managed Security, said: “Cyber-attacks are becoming more sophisticated and breaches involving unauthorised access to customer data are more common, but many businesses lack the in-house resources and expertise to deal with these threats.

“The PDP offering is an ideal fit for these organisations, as it allows Rackspace experts to manage the process for helping to ensure data is protected, while helping businesses meet increasingly strict compliance requirements for securing data in different regions.”

As part of the PDP solution, Rackspace worked with security company Thales and used its Vormetric Transparent Data Encryption platform.

Peter Galvin, vice president of strategy for Thales eSecurity, said: “Businesses need to invest in privacy-by-design defense mechanisms – such as encryption with access controls – to protect valuable data and intellectual property and view security as a business enabler that facilitates digital transformation and builds trust between partners and customers.”