European General Data Protection Regulation: A cyber game changer

On the cards for the longest time, the European General Data Protection Regulation has finally obtained member state approval and the clock has officially started counting down to its 2018 implementation. This article briefly outlines new responsibilities that insurers must prepare for.

Topics covered:
• Data privacy.
• Control and security.
• Seventy two hour notification period.
• What qualifies as significant risk of harm?
• Financial penalties.
• Cyber liability.