Cybersecurity and GDPR Compliance
With the growing digitization all across the world, cyber data has been growing parallelly. With the ongoing pandemic, the number of online transactions has seen a tremendous increase. Over six countries, including Ghana (488%), Bahrain (657%), and Australia (214%), witnessed a rise of double fold in daily online financial transactions as reported by FIS.
According to the reports, internet usage increased by 1,266% in 2020 from 2000 across all the continents. Asia has 2.6 billion of its population using the internet, followed by Europe (728 million) and Africa (632 million).
The growing online traffic gives birth to different kinds of online/cybercrimes. In order to protect online users and customers from getting exposed to several online criminal activities, there exist various laws. One such regulatory framework is GDPR, the General Data Protection Regulation, a regulation in the European Union for protecting data against cybercrime and other privacy-related concerns of online data in the EU and EEA (European Economic Area) regions.
What is Cyber Crime?
Cybercrime can be defined as malevolent activities conducted on an online network. It could range from as small as hacking a social media account to as big as hacking/misusing a foreign country’s data while in a transaction. Cybercrime comes in various forms like cyber terrorism, financial fraud crimes, cyberwarfare are evident.
Thus, cybersecurity has become a necessity to protect vulnerable online users from such malicious attacks when introducing digital payments in logistics.
Cyber Security in logistics industry
With the shifting culture from traditional offline/paper works to storing every tiny thing over computer/cloud spaces, data protection has become imperative.
Cybersecurity can be defined as protecting such data from activities like unauthorized access, accidental loss, divulging activities, data theft, etc while using customer portal, logistics platform etc. It comes in different forms: –
Application Security: – Protection against cyber-attacks on software and devices
Data Recovery: – Recovering system of organizations in case of loss of data accidentally or by the cyber-attack to bring operational activities back to their older form before the attack.
Information Security: – Protecting the integrity and privacy of data
Cybersecurity and GDPR in logistics
GDPR aims at increasing individual’s control over their personal data while simplifying the regulatory framework for International logistics businesses. Five articles address the framework for cybersecurity under GDPR as mentioned below.
Article 5, under the 6th data protection principle, addresses the need of an organization to protect personal data from any losses (damage, accidental loss, etc.) with the help of technical measures.
Article 32 mentions the measures required to provide security against the risks involved in preserving the confidentiality and integrity of the data.
Article 33 deals with the intimation of breaches of security laws to respective authorities.
Articles 24 and 25 ensure the security of the data on similar notes.
In addition to that, there are three main areas where cybersecurity is applied under GDPR: People, Process, and Technology.
People: – It is the staff of an organization that handles the data in the majority. If proper security awareness training is given to managing the online data with care and stated measures, data entered could become less vulnerable to theft.
Making use of secure logistics platforms for the exchange of data is another way to protect yourselves against cybercrime.
Process: – Having a cybersecurity policy is imperative for an organization. Not only that, but its periodic review is also required.
Further, a team must be deployed for assessing potential cyber risks and their management.
Technology: – Using anti-virus software in one way to protect your data from being hacked or corrupted.
Further, increased use of cloud computing and IOT comes with extra data concerns being lost or misused. Protection against such cyberattacks can be attained using firewalls, malware protection, and secure configuration for warehouse management solutions.
Hence, business risk management against cybercrime could be best attained using these three aspects simultaneously under the GDPR compliance.