Many organisations are now very concerned about the likely impact of the forthcoming EU General Data Protection Regulation. This new legislation represents the first major overhaul of data protection legislation since the 90’s and is a response to the significant privacy issues arising from the rapid developments in data management, cloud hosting and social networking.
The new rules will require ALL companies – big and small – to manage data access and privacy with greater stringency, carrying very significant penalties for failing to do so. This new data requirement affects every financial services company in all EU Member States...
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