Attorney Soojin Park of Solaris Law has written a column for the industry media outlet 'Industry News,' presenting practical data protection strategies for small and medium-sized enterprises (SMEs).
Amid recent large-scale personal data breaches, a plan is being pushed to raise the maximum penalty for personal data leaks to as much as 10% of total revenue. In response, Attorney Soojin Park proposed three key measures for SMEs, which are relatively vulnerable to cyber threats due to limited budgets and a shortage of security professionals, to minimize legal risks and survive.
In the contribution, Attorney Park emphasized the importance of minimizing unnecessary collection of personal data, preventing ransomware damage through offline backups, and thoroughly documenting security inspections and training. This is highly significant in that it offers an effective and cost-efficient way for SMEs to build compliance that they can adopt immediately on the ground.
Solaris Law will continue to provide distinctive and proactive legal services in the areas of data protection and corporate compliance, so that its corporate clients can conduct business safely even in a rapidly changing regulatory environment.
Attorney Soojin Park of Solaris Law has contributed a column to the industry media outlet 'Industry News,' offering practical data protection strategies for small and medium-sized enterprises (SMEs).
With recent large-scale data breaches, there is a legislative push to increase the maximum penalty for personal data leaks to 10% of total corporate revenue. In response, Attorney Soojin Park proposed three core strategies for SMEs, which often lack the budget and specialized personnel to defend against cyber threats, to minimize legal risks and ensure survival.
In the article, Attorney Park emphasized the importance of minimizing unnecessary data collection, preventing ransomware damages through offline backups, and maintaining thorough documentation of security checks and training. This provides significant value as it outlines a highly effective and cost-efficient compliance framework that SMEs can immediately implement in the field.
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Solaris Law is committed to providing proactive and unparalleled legal services in data protection and corporate compliance, ensuring our corporate clients can safely conduct their business amidst a rapidly changing regulatory environment.