GDPR regulations could cost banks over €4.7bn in fines in first three years

A report from business management consultants Consult Hyperion has predicted that European FIs could face fines of up to €4.7bn ($5.2bn) in the first three years as financial services begin to adapt to the new regulations. Read how to upcoming GDPR data breach notification regime in European Union can cause banks over €4.7bn in fines […]

Report predicts banks to get €4.7bn fines in first 3 years under GDPR

A new report is “conservatively” forecasting that European finance organisations are about to shell out  €4.7 billion in first three years after the GDPR comes into power thanks to data breaches which they don’t currently have to declare. Read about the new report by AllClear ID which reveals that financial institutions may face €4.7bn fines in first […]

Keep Calm and Comply: One Year and Counting Until GDPR

With the May 2018 deadline fast approaching for Europe’s new data protection laws, Phil Muncaster outlines practical tips from the experts on how to get in shape ahead of the big date Read  Phil Muncaster’s article about why companies should comply with GDPR before it comes into effect on Infosec Magazine.

Embracing the GDPR as a Catalyst for Innovation

Read why Andrea Rossi says that GDPR is a catalyst for organisations to innovate on Security Intelligence : The General Data Protection Regulation (GDPR) is designed to govern how organizations manage the personal information of European Union (EU) citizens. Any company that conducts business in Europe or stores data belonging to EU citizens is impacted, […]

How to find the silver lining in the EU’s looming General Data Protection Regulation penalties

Read Paul Gillin explain how companies can find a silver lining in the upcoming GDPR regime in European Union on Silicon Angle : With less than a year remaining until the European Union’s new General Data Protection Regulation kicks in, the level of hyperventilation in the business world has reached epic proportions. Read his full […]

UK data breach fines double to £3.2m as GDPR looms on the horizon

Thirty-five fines totalling £3,245,500 were handed out for breaches of UK data protection law – nearly double the total in 2015. In what should be of real concern to those companies still unprepared for the impending GDPR, there was a staggering 155% increase in the number of data protection enforcement actions issued in 2016. Read more […]

Is the world ready for GDPR? Privacy and cybersecurity impacts are far-reaching

Read Stephen Cobb explain how the European Union’s new GDPR regime will have a far reaching impact on privacy and cyber security on We Live Security : On May 25th, in the year 2018, something called the General Data Protection Regulation (GDPR) will go into effect. That means your company, and every other company in […]

Punitive penalties will drive GDPR compliance says analyst/CISO forum

At the IT Security Analyst and CISO Forum Debates hosted by Eskenzi a range of distinguished panellists grappled with a range of issues facing the industry, from GDPR to data breaches, reputation, hiring and the IOT. Read about the  IT Security Analyst and CISO Forum Debate in which security experts said that punitive penalties could […]

There are Dutch lessons in breach notification as GDPR approaches

Data protection laws and regulations are about to get a boost in the spectre of stiff fines. The EU General Data Protection Regulation (GDPR) comes with a notification duty for data breaches, and the Dutch have pioneering experience. Read how Dutch data protection laws offer lessons about the upcoming GDPR law on Computer Weekly.

Businesses beginning to panic over GDPR

Read why Mike Palmer says that businesses are panicking over the upcoming European Union data breach notification regime on Enterprise News : Information management vendor Veritas has published the results of a survey it commissioned around GDPR. The survey, which was conducted by Vanson Bourne, is a damning indictment of how unprepared businesses are less […]