Ransomware virus DynA-Crypt causes a full blown data breach as it not only encrypts your data, but then steals and uploads it online.
What this means?
The EU mandated GDPR (General Data Protection Regulation) which comes into force on 25th May 2018 will penalise companies not prepared for such data breaches resulting in large fines (approx. 4% of turnover or up to 20 Million Euro whichever is greater). To reduce the chances of being fined to the full extent of this new law – companies will need to begin to work on putting in place the necessary data protection processes and procedures to be able detect when a breach happens/happened, identify what if any personally identifiable data was stolen and have a breach response plan that will ensure the breach is properly handled and reported to the Data Protection Commissioner within 72 hours of detecting the breach. Read more