Gemalto highlights region’s compliance readiness
Gemalto’s participation at Gitex this year revolves around enabling and educating companies in the region to meet their compliance requirements. The company is also showcasing its SafeNet Identity & Data Protection solutions that can help an organization comply with several regulations on the market as well as protect its assets and reputation.
Gemalto estimates that 48 percent of Middle Eastern and African organizations have already suffered a security incident ended up losing more than $500,000 in damages. With the enforcement of GDPR, the costs of a security incident could become even greater.
“There is a need to integrate application security in order to achieve regulatory compliance. To avert penalties, organizations in the region must make sure they’ve achieved and can maintain compliance with all applicable data protection regulations,” says Sebastien Pavie, regional director of META, Enterprise & Cybersecurity at Gemalto.
Pavie added that a number of organizations aren’t prepared when it comes to addressing the security risks inherent in digital transformation. “Organisations in the Middle East need to adopt a data-centric approach to security. This means implementing a centralized and secure management of cryptographic keys for applications, transactions and information assets,” he adds.