Insurers face large fines under EU data law
Monday, 05 29 2017, Category: Insurance and Reinsurance, Country: Europe
As firms countdown to the enforcement of the European Union’s upcoming General Data Protection Regulation (GDPR) on May 25 next year, the head of Britain’s privacy watchdog told business leaders yesterday that data protection has become a boardroom issue.
In a video message addressed to boardrooms, Information Commissioner Elizabeth Denham said that the new law “equals bigger fines for getting it wrong.”
Source: Insurance Business