In May 2018, the European Union will implement the new General Data Protection Regulation (GDPR), and companies are making major policy changes to prepare for its installment.
In what Marsh calls "the most significant overhaul of privacy law in a generation," the GDPR will bring enormous changes to Europe's data protection and privacy rules. The regulation establishes global requirements about how organizations that do business in the European Union must manage and protect personal data, while strengthening the privacy rights of residents throughout the EU.
In anticipation of the new regulation, Marsh has released the results and analysis of a recent survey in a new report, titled "GDPR Preparedness: An Indicator of Cyber Risk Management."
|Correlation between GDPR and cyber risk
The new study says the upcoming implementation of the EU's General Data Protection Regulation (GDPR) has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe. From the results of the survey, the report concludes that cyber risk management is both a cause and consequence of GDPR compliance, as the rules encourage businesses to adopt more rigid data protection practices.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
