CodeSealer increases focus on the Privacy regulation PII, including EU GDPR
Recently EU Regulation on General Data Protection Regulation (GDPR) was put into effect in the EU. The new regulation focus on the protection of customers and as such increased use of online channels.
A further increase in online channels as a distribution and sales channel is expected to increase sale and create new business in the range of 2.3 Billion EUR. During the past, CodeSealer has actively participated in events in relation to the new regulation and our active participation in bodies such as Danish IT Association, Danish Industry Digital Association, and Copenhagen Finance IT & Research has made us a valued provider of solutions in the compliance of the regulation.
Yesterday the British Chamber of Commerce, along with Dansk Erhverv and the EU had a full day seminar on the topic, opened by Mrs. Vera Jourova, the EU Commissioner in charge. While many companies focus on topics such as “The right to be forgotten” and assignment of a Security Responsible (DPO) only a few have a plan for how to comply with “Privacy by Design / Default”, meaning how do we design future on-line solutions with the protection of data in mind?
While the new regulation won’t take effect before May 2018, companies need to understand, plan and execute now. During the past months, we have presented our product, WSF, as a lever in a total security setup. While most security products today focus on protection of data and access behind a Firewall, our product is designed to reduce the risk using online channels and to protect the customer and his/her data, by protecting against Man-in-the-Middle and Man-in-the-Browser.
We will continue our support for the implementation of the GDPR and not least participate actively in fora such as the event yesterday and relevant industry bodies.