I just read the Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2018.
Forrester reminds us all that “Risk and compliance management is more important than ever, thanks to the increasingly intangible nature of business value and the growing risk of violating customer trust.”
Preventing Privilege Escalation in mobile payment apps (PCI Mobile Payment Acceptance Security Guidelines Section 4.3)
Regulators, standards bodies and IT auditors have become increasingly likely to recommend an absolute prohibition of rooted Android devices in production environments. As the 2017 PCI Mobile Payment Acceptance Security Guidelines state, “Bypassing permissions can allow untrusted security decisions to be made, thus increasing the number of possible attack vectors.”
It is only natural that the apps themselves rise up to act as a ubiquitous governance, risk, and compliance management layer – preventing, detecting, responding, and reporting on threats - including those posed by unauthorized rooted devices.
When perimeters are breached, identities stolen and malware launched, encryption stands as information’s last line of defense. Without effective encryption policies, you will first be victimized and then held liable (punished) by every information stakeholder (customers, partners, investors, regulators, the courts, etc.).
Just this week, Wired led with the headline Tinder’s Lack of Encryption Lets Strangers Spy on your Swipes where they wrote in part:
“In 2018, You'd be forgiven for assuming that any sensitive app encrypts its connection from your phone to the cloud, … But if you assumed that basic privacy protection for the world's most popular dating app, you'd be mistaken.”
The GDPR is comprehensive; its impact is far reaching, and the penalties for infringement are severe (up to €20 million or 4% of global annual revenue, whichever is higher).
In short, no impacted business can afford to ignore The GDPR. As the May 2018 deadline looms, organizations find themselves scrambling to be “GDPR ready” – but what exactly does that mean?
According to the official EU GDPR website, http://www.eugdpr.org, “The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years.”
This may well be true. The GDPR includes unprecedented penalties connected to data breaches, it reaches across international borders, and it targets both data owners and 3rd party service providers that process/manage that data.