The recent media revelations surrounding an alleged data breach involving social media site Facebook and Cambridge Analytica highlight the importance of complying with the new EU General Data Protection Regulation (GDPR). Billed as the biggest change to data privacy laws in many years, GDPR has the potential to massively impact the financial services sector. Failure to comply could not only cost your business significant amounts of money – as much as 4% of global revenue, but also damage your reputation. The deadline for compliance is May – the time to act is now.
With the recent media speculation surrounding an alleged data breach involving social media site Facebook and Cambridge Analytica, Brickendon takes a closer look at what the new EU General Data Protection Regulation (GDPR) means for financial organisations. The compliance deadline is less than two months away – now is the time to act.
What is data portability and what does it mean for the individual and the firm holding the data? The new EU General Data Protection regulation (GDPR), which is due to come into force in May next year, mentions data portability as an individual’s right, but falls short of explaining exactly what it is and how it should be implemented. Brickendon’s resident GDPR expert Corneliu Dicusar takes a closer look at the issue.
The new EU General Data Protection Regulation (GDPR) has significant implications for business, with the right of erasure clause expected to generate a raft of issues for companies dealing with data. How the situation plays out remains to be seen, but firms need to prepare now to ensure they are ready for whatever challenges the new legislation brings. Brickendon Senior Consultant and GDPR specialist Corneliu Dicusar looks at the right to erasure in more detail.
Regulating data collection is not a new concept and many laws already exist to do just that. Brickendon Managing Consultant Roberts Vonsovics looks at what impact the introduction of the new EU General Data Protection Regulation (GDPR) will have on existing data protection legislation when it comes into effect in May 2018
The rules governing the new EU General Data Protection Regulation (GDPR) are not restricted to live production environments. Brickendon looks at the challenges associated with ensuring compliance in all parts of a bank’s operations.
With the deadline for the new EU General Data Protection Regulation (GDPR) fast approaching, Brickendon looks at how organisations can devise a process to ensure future compliance and adequate breach notification.
The General Data Protection Regulation (GDPR) comes into effect on 25th May 2018. Brickendon looks at what steps organisations holding personal data for their EU customers and employees need to do to ensure compliance.
With the deadline for the new EU General Data Protection Regulation (GDPR) fast approaching, many organisations are struggling to define their requirements and assess the operational impact the changes will have on their data governance programmes. Brickendon looks at how banks should be aligning their GDPR programmes with their overall data-management capabilities gives advice on how to identify overlaps and gaps.