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The Future of Cybersecurity – A 2019 Outlook
From the record-breaking number of data breaches to the implementation of the General Data Protection Regulation (GDPR), 2018 will certainly go down as a memorable year for the cybersecurity industry. And there have been plenty of learnings for both the industry and organisations, too. Despite having two years to prepare for its inception, some companies were still not ready when GDPR hit and have faced the consequences this year. According to the law firm EMW, the Information Commissioner’s Office received over 6,000 complaints in around six weeks between 25th May and 3rd July – a 160% increase over the same period in 2017. When GDPR came into force, there were questions raised about its true power to hold companies to account – with the regulation saying fines could be implemented up to £16.5 million or 4% of worldwide turnover. The latter half of this year has shown those concerns were unfounded, with big companies, including Uber as recently as this week, being fined for losing customer data. What 2018 has shown, is the authorities have the power and they’re prepared to use it.
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