Monthly Archives September 2016

FT Debate on GDPR


If you’d like to watch the debate from the FT Cyber Security Summit Europe that took place on 21 September 2016, click here

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Calling all new entrants to the UK banking sector!

Nchallenger-banks2ew entrants to the UK banking sector have just under two years to prepare for the enforcement of the EU General Data Protection Regulation (GDPR). Enforcement will commence on the GDPR Effective Date (25 May 2018).

The 2-year transition period is designed to allow organisations to adapt to the new requirements of the GDPR. Processing of customers’ personal data that’s already underway should be brought into conformity with the GDPR within this 2 year transition period.

Recital 171, GDPR provides:

(1)  Directive 95/46/EC should be repealed by this Regulation...

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FT Cyber Security Summit Europe – Wed 21 Sept 2016 (London)

Debate: “The European Union’s new data protection rules will impose unnecessary burdens on businesses – Yes or No?”

Business leaders are worried that the European Union’s General Data Protection Regulation (GDPR), scheduled to come into effect in early 2018, will seriously harm their commercial interests. It will force them to improve the privacy rights of EU citizens and report data breaches within three days, rules that will be difficult and costly to comply with. Penalties for non-compliance could be as high as 4% of global turnover. However, British businesses could be spared the hassle if Brexit means the UK does not implement the Regulation.

ft-cyber-security-conference-2016In what promises ...
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