By Angelica Krystle Donati | Forbes
GDPR turned one at the end of May! Its introduction forced companies to consider data, privacy and security issues as part of their daily operations rather than as a nuisance or an afterthought. There is a strong incentive to do so – noncompliance doesn’t just entail potential reputational damage, but also colossal financial punishments (of four percent of an organization’s global turnover or £17.5m, whichever is greater). Despite the positive changes that were forced by GDPR, there is one area that companies, especially those within real estate, are still not giving enough attention: cybersecurity.
A recent study by IBM put the average value of a single data breach at $3.86 million per company.
