BARCELONA, Spain, Feb. 27, 2017 (GLOBE NEWSWIRE) -- (MWC2017) – The new General Data Protection Regulation (GDPR), taking effect on May 25, 2018, requires domestic and foreign businesses across the European Union to ensure data privacy and security. Companies that violate the new privacy regulations may face penalties of up to four percent of their worldwide revenue or up to 20 million Euros.
The growth of connected devices and appliances in the IoT requires all businesses to closely assess their security and privacy posture to avoid potential liability. NXP, with its Security by Design methodology, is at the core of helping businesses in safeguarding GDPR compliance by adding multiple layers of security plus privacy protection to systems and consumer data – while at the same time providing a more enhanced consumer experience.
“The GDPR can significantly impact organizations’ business models and their product designs, processes and devices in the future, as companies must double down to ensure data privacy is built into every aspect of their operations,” said Ruediger Stroh, Executive Vice President Security and Connectivity at NXP. “NXP technology and Security by Design methodology enable establishing a trusted ecosystem that protects data at the foundational level. This is even more important as the IoT opens an entirely new set of considerations. That is why customers worldwide rely on NXP for developing heightened security for automotive, payment and loyalty, transit, eIDs, online transactions and other solutions. And that is also why NXP’s solutions are years ahead of our customers’ requirements for advanced security and privacy in smarter, more connected solutions.”
NXP at the upcoming Mobile World Congress Panel Discussion
Representatives of NXP, the European Commission, and other organizations will discuss how they are preparing for the changes and effects from the upcoming regulation on the panel “GDPR and the Internet of Things: Protecting the Identity, ‘I’ in the IoT.”
Date: March 1, 2017
Time: 10:00 – 11:30 a.m.
Location: Mobile World Congress
Topic: Security, data and policy experts will assess the landscape and discuss the players who operate in, or are contemplating entry into the IoT, what they should be aware of regarding GDPR, and how successful these IoT initiatives may or may not be next year
Moderator: Thomas Ramge, author of In Data We Trust: How Customer Data is Revolutionising
For more information about the panel, please contact: email@example.com.
NXP’s Security by Design
From microcontrollers, processors and secure elements, to RFID products, advanced smart cards, NFC technology, software and services, NXP has a long history of providing solutions for ecosystems that require heightened security and privacy to protect systems, from the component level to the cloud. The company achieves this with deep engineering expertise, strong relationships across the solution ecosystem, a proven understanding of current applications, and insight into trends as more companies look to implement solutions based on the Internet of Things. IoT connectivity requires more computing and security to ensure reliability, safety and quality, which underscore the guiding principles of NXP’s Security by Design. Learn more about NXP’s Security by Design here.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.
For more information, please contact:
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