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Sunday 23.09.2018 | Name days: Vanda, Veneranda, Venija
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Oracle: Europe’s readiness for general data protection plan is low

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUApproximately 50% of companies, state and municipal institutions in Europe’s largest countries, according to international study by Gartner, are not ready for General Data Protection Regulation (GDPR). Experts of global IT company Oracle say tendencies in Latvia are very similar – half of organizations the regulation will apply to are not ready, because introduction requires additional finances, times and human resources.

The objective of the regulation is preventing unjustified use and leaking of personal data. This means new requirements for businessmen in regards to collection and storage of data from clients, partners and employees. This basically applies to nearly all businesses and state sector institutions. The regulation requires provision of justified arguments for data requests, as well as plans for this data’s use. It is also necessary to guarantee immediate cease of data storage following a request from the data’s owner.

«To comply with GDPR requirements, it is necessary to do a lot of work. There are many complex tasks ahead – all of them require money and other resources, as well as involvement of different high-rank officials. Those are but some of the reasons why there is opposition among businesses for this regulation. The preparation and transition period is considered short, especially considering the lack of IT specialists in Latvia. Those are the challenges that make introduction of GDPR harder in Latvia,» says Oracle sales manager Anrijs Šnipke.

At the same time, the regulation also emphasizes the matter regarding data as the main value of business. Businesses that are able to analyse data and apply results in a practical way become more competitive.

«Looking at the need for the regulation from this viewpoint, it becomes clear that it will serve as a type of business insurance. This is why data protection matters have to become a priority for businesses and state institutions. Unfortunately, this has not been the case lately. It is not possible to come up with a universal recipe for a successful introduction of the regulation. Because the regulation does not represent anything new and revolutionary, progress depends on preparations,» says Šnipke.

Introduction of GDPR should commence with a lawyer’s conclusion that the regulation applies to a specific business and that it has to be taken into account. The next step is an IT audit to assess the system’s security. Data security factors (security updates, data encryption, access to information from within the organization, etc.) will be made easier with GDPR, the company notes.

«At the same time, introduction of appropriate security technologies is part of data protection measures. It is also important to pay attention to the way data is managed and maintained, who has access to data and how data is updated. If an error is allowed in processes, the objective to keep data safe is not achieved,» Oracle representatives say.

Ref: 224.109.109.2144


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