The inbox has been flooded with such emails over past few days informing users about changes in terms and conditions and privacy policy to adhere to General Data Protection Regulation (GDPR) law of European Union (EU) which came into effect from May 25.
Owing to this, many Indian firms having presence or links with EU have adhered to the new GDPR norms. Back home, the development has led to an increase in job postings for cybersecurity roles and data protection roles.
The data from Indeed India shows that job postings for cybersecurity roles went up by 150% while there was an increase of 129% in job searches for the same between January 2017 and March 2018.
There is also an increase in the number of job postings for Data Protection roles, which have seen an increase of 143%, while the number of job searches for the same has risen by 188% in the above mentioned period.
GDPR, which aims to protect all EU citizens from data breaches, provides for hefty penalties of up to €20 million or 4% of a company’s global revenue for non-compliance. This will cover all firms doing business in the EU.
For Indian IT companies, Europe is among the biggest markets. This will impact how firms will collect, manage, process and protect personal data while respecting individual choice.
Bengaluru accounts for 36% of all cybersecurity-related jobs in the country, followed by Mumbai at 17%, NCR at 12%, Pune at 9% and Hyderabad at 8%.