The compliance deadline for the new EU General Data Protection Regulation (GDPR) may now be behind us, but the requirement to ensure your data collection and storage procedures are in order have not gone away. The recent media revelations surrounding an alleged data breach involving social media site Facebook and Cambridge Analytica only served to highlight the importance of the legislation. 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 may have passed, but the time to act has not.
The deadline for compliance with the EU General Data Protection Regulation (GDPR) may now be behind us, but there is still no room for complacency. While companies within the EU are well aware of the implications of non-compliance - fines of as much as €20 million or...
Brickendon Partner and Data Specialist Nathan Snyder joins the Financial Times' discussion on GDPR, adding his take on what it means for businesses outside of the EU. As the head of our US operation based in New York, he is well aware of the possible impacts on US...
Data monetisation is not a new phenomenon , but it is one that is becoming increasingly complex with the proliferation of data in today’s society and the new rules surrounding data privacy. With less than two weeks to go until the new EU General Data Protection Regulation (GDPR) comes into force, Brickendon Director Andrew Lawson looks at the issue in greater detail.
The new EU General Data Protection Regulation (GDPR) is due to come into force on May 25th and European companies are already preparing for its implementation. The question is whether this is enough? – Should firms from other parts of the globe be preparing too? Andrew Lawson, one of Brickendon’s US data experts, looks at what the new legislation, dubbed as having the greatest impact on data collection, storage and usage of any regulation in the last 20 years, means for US companies.
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