The True Cost of Data Non-Compliance

 

For many years now, people have talked about the importance of data. It has been argued that due to the insight and knowledge that can be taken from it, data has now become more valuable than oil.

Nowhere is this more obvious than within large organisations, who can hold TBs of unstructured data (data that does not have a pre-determined model) of their customers and employees.

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Why Credit Unions need to understand their unstructured data.

How to manage the unstructured data explosion and manage GDPR compliance

The financial services industry is facing a period of extensive changes in the forms of fintech disruption and challenging data regulations. In order to remain relevant in this new arena, credit unions must be able to integrate and optimise all their data.

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California Consumer Privacy Act – Are you ready for January 2020?

The CCPA will take effect on January 1, 2020- Are you ready?

Like Europe, California has been trying to pass updated data protection for many years now. While the General Data Protection Regulation came into effect on May 27th, 2018, to a lot of media attention & speculation. The road to rolling out the California Consumer Protection Act (CCPA) has not been as smooth and attention-grabbing.

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Unstructured Data and the Not for Profit Sector

Are you drowning in vast amounts of data and not sure where the lifebuoy is?

Unstructured data is like the deep ocean, very much an unknown, difficult to view, access and a large proportion unused. Organisations are in unchartered waters when it comes to managing risks, fulfilling personal information requests (PII’s) or data subject access requests (DSAR) under GDPR.

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ICO Data Protection Tips for the Charity Sector

 

Top five data protection tips from the ICO for small and medium sized charities and third sector organisations:

  1. Tell people what you are doing with their data
    People should know what you are doing with their information and who it will be shared with. This is a legal requirement (as well as established best practice) so it is important you are open and honest with people about how their data will be used.
  2. Make sure your staff are adequately trained
    New employees must receive data protection training to explain how they should store and handle personal information. Refresher training should be provided at regular intervals for existing staff.
  3. Use strong passwords
    There is no point protecting the personal information you hold with a password if that password is easy to guess. All passwords should contain upper and lower case letters, a number and ideally a symbol. This will help to keep your information secure from would-be thieves.
  4. Encrypt all portable devices
    Make sure all portable devices – such as memory sticks and laptops – used to store personal information are encrypted.
  5. Only keep people’s information for as long as necessary
    Make sure your organisation has established retention periods in place and set up a process for deleting personal information once it is no longer required.

For Further Information Please see https://ico.org.uk/for-organisations/charity/

Questions You Should Ask Your Microsoft Office 365 Service Provider?

We are all aware of the popularity of Microsoft Office 365 in the market, therefore it is not surprising that every day we talk to organisations who are either moving to MS Office 365 or who are already using the software.

Waterford Technologies, as an email, eDiscovery & compliance solution provider for nearly 20 years, work seamlessly with Microsoft Office 365 & we can see the huge value it delivers as an overall communications platform.

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How MailMeter can help in an email hack

The Incident:

Back in October 2018, One of our clients chased a customer for a late payment, only to be told that the payment had already been made. A quick search of our client’s books and bank records confirmed that the payment had not in fact been received. Engaging with their customer, our client learned that they had received an email from them with updated bank details. A common enough scam, unfortunately their customer acted upon it.

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