cyber crime tagged posts

Delays in agreeing wording of EU General Data Protection Regulation (GDPR) is “bad for democracy”

cameron06june14-480632Impatience with the progress of the forthcoming EU General Data Protection Regulation (GDPR) is starting to grow within the European Union.

A recent joint declaration adopted by representatives of the German, Austrian, Belgian, Croatian, French, Greek, Hungarian, Lithuanian, Luxembourg, Dutch, Portuguese, Czech, Romanian, UK, Slovakian and Swedish  parliaments called on European legislators to adopt the GDPR “by 2015”.

German Green MEP Jan Philipp Albrecht, vice chairman of the civil liberties committee at the European Parliament warned this week that failure to agree on the new security and data protection rules was “bad for democracy” as this left European citizens exposed...

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Banks face allegation of under reporting cyber-crime

Andrew_Tyrie_Treasury Committee chairman Andrew Tyrie MP is to question banks over allegations that they may be under-reporting instances of bank fraud because they don’t want to frighten people.

Tyrie made his comments following a Treasury Select Committee hearing into cybercrime and fraud held as part of its inquiry into the ‘Treatment of Financial Services Consumers’.The Committee heard evidence from Dr Richard Clayton, a senior researcher in security economics at the University of Cambridge, who said that banks are reluctant to report the true extent of cybercrime for fear of spooking customers.

He told the Committee that “insider” accounts of fraud losses are double the numbers gener...

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Companies face being caught with their pants down over forthcoming EU Regulation on data protection

pants downThere’s evidence that most major companies haven’t as yet appreciated the impact that this  European-wide Regulation will have on their business and could be caught out unless they take action sooner rather than later.

The aim of the new European Data Protection Regulation is to harmonise the current data protection laws in place across the EU member states. The fact that it is a “regulation” instead of a “directive” means it will be directly applicable to all EU member states without a need for national implementing legislation.

From the first half of 2015, all EU Governments will have two years from which to ensure that the EU General Data Protection Regulation is ...

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