A recent report reveals that, on average, organizations now spend 11% of their IT security budget on print security which is up 3% from the previous year. This shows organizations are taking a positive step to protect their print environment, but is this enough? When you consider 59% admit to reporting a print data loss in the past year, maybe not. Since the role out of The General Data Protection Regulation (GDPR), one year ago, there have been 94,000 individual complaints and 64,000 data breach cases reported. Given the average internal breach costs an organization $8.76 million over a 12 month period, it is clear more needs to be done to ensure organizations are secure and aligned to relevant data privacy requirements.
Consequently even though The GDPR Law has now been in force for a year, affecting all organizations that deal with personal data of European citizens or residents, there is still a significant opportunity for partners to help their customers review their own print policies to ensure they are compliant with GDPR and other data privacy regulations relevant to their organization
The IDC report, titled ‘Meeting Data Privacy Compliance: Don’t Leave Your Print And Document Management To Chance‘, provides a list of considerations they believe all organizations should implement with regards to print. These include:
Authentication– Provide access management for user authentication/authorization to print, copy and send information electronically
Inspect and protect– Forensically inspect and protect content including personally identifiable information (PII) — for example, identify credit card and bank routing
Reporting– Provide comprehensive reporting while leveraging data anonymization to maintain user privacy