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General Data Protection Regulation (GDPR)
Italy Hits Money Transfer Provider With Record Fine
16th Mar 2017 | Written by:
Italy’s data protection watchdog has issued a record fine to five money transfer companies after accusing them of illegally using customers’ personal data to send illicit funds overseas.
Data Watchdog Warns Of Staffing Issues Ahead Of Brexit
15th Mar 2017 | Written by:
The UK’s data protection watchdog has warned it does not have the funding, staff or resources to deal with its greater responsibility under forthcoming EU legal reforms.
PSD2 Breach Reporting ‘Unworkable’, Says Trade Body
9th Mar 2017 | Written by:
UK lobbyists are protesting proposed EU regulations that would force payments firms to report “major” data security incidents within two hours, joining a chorus of industry opposition.
Invest In GDPR Ahead Of European Upheaval, Says Regulator
8th Mar 2017 | Written by:
The UK's data regulator has advised companies to invest in privacy to secure a “competitive edge”, ahead of a tempest of legislative reform, the country's exit from the EU and the open banking...
Brexit Prompts Doubts On UK Data Protection Adequacy
3rd Mar 2017 | Written by:
The cross-border transfer of UK data faces an uncertain future due to questions over the legal status of the country after it leaves the EU, according to testimony at a parliamentary committee.
Dialogue ‘Vital’ In Keeping Up With Shifting Legal Landscape
1st Feb 2017 | Written by:
A UK payments industry body has said continued dialogue between the financial sector and European regulators is essential in ensuring stability as Britain leaves the EU.
Netherlands: Government Launches Consultation on Data Protection Draft Law
20th Jan 2017 | Written by:
On December 9, 2016, the Dutch government launched a public consultation on the Implementation Act for the General Data Protection Regulation (Uitvoeringswet Algemene verordening...
UK: Review of Cybersecurity Regulation and Incentives
17th Jan 2017 | Written by:
The UK government published a cybersecurity regulation and incentives review in December 2016, following the launch of the National Cyber Security Centre, which looks at what the government could...
Caution Urged As EU Fintech Unit Examines Cyber Threat
5th Jan 2017 | Written by:
Financial firms could be caught between competing requirements on data protection and digital defence, experts have warned, as a new EU body considers measures to improve cybersecurity.
Industry Must Report Cyber-Attacks Within Two Hours, Says EBA
12th Dec 2016 | Written by:
Payments businesses will be required to notify authorities within two hours of discovering a data breach, according to new guidelines proposed by the European Banking Authority (EBA).
The GDPR and You: General Data Protection Regulation, Preparing for 2018
6th Dec 2016 | Written by:
The Office of the Data Protection Commissioner of Ireland has issued this guidance on the General Data Protection Regulation (GDPR) which will come into force across the European Union on May 25,...
UK: Information Commissioner Reveals GDPR Guidance Timelines
22nd Nov 2016 | Written by:
Elizabeth Denham, the UK information commissioner, gave a speech at the National Association of Data Protection and Freedom of Information Officers (NADPO) Annual Conference on November 21, 2016....
Regulators To Examine Tesco Hack As UK Fraud Losses Soar
8th Nov 2016 | Written by:
UK data protection authorities have said they are “looking into” the banking arm of retail giant Tesco after hackers stole cash from 20,000 of its customers’ current accounts.
UK Unveils New Strategy To Bolster Cybersecurity
2nd Nov 2016 | Written by:
The UK government has revealed plans to invest £1.9bn over the next five years in the fight against cybercrime, vowing to improve the resilience of the financial sector and other “critical”...
Prepare Now For GDPR Or Face Hefty Fines, Industry Told
20th Oct 2016 | Written by:
Too many payments firms are still complacent over incoming EU data protection laws and risk being slapped with eye-watering fines, a global card security watchdog has warned.
Financial Firms Cautious Over EBA Data Review
18th Oct 2016 | Written by:
Financial institutions are reacting cautiously to European authorities’ probe into the innovative use of consumer data, backing the trend despite concerns around consumer consent.
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