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General Data Protection Regulation (GDPR)
Netherlands Completes Long-Awaited Introduction Of PSD2
19th Feb 2019 | Written by:
After a string of setbacks Netherlands has finalised its long-awaited transposition of the revised Payment Services Directive (PSD2), with the landmark reforms taking effect from today.
EU Rebukes Five Countries Lagging On Data Rules Implementation
29th Jan 2019 | Written by:
The European Commission has given a public nudge to five countries it says have failed to make the necessary legislative reforms to bring the General Data Protection Regulation (GDPR) into national...
2018 in Focus: Payments in Europe
21st Dec 2018 | Written by:
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
UK: Government Publishes Data Protection Notice and Guidance in No-Deal Scenario
13th Dec 2018 | Written by:
On December 13, 2018, the UK government published a guidance notice clarifying what will be expected from UK organisations in the context of amendments to be brought about in the data protection...
Spain: Law on Data Protection Comes into Force
7th Dec 2018 | Written by:
On December 6, 2018, Organic Law 3/2018, of December 5, on the Protection of Personal Data and guarantee of digital rights, was published in the official gazette. The law, which was approved by the...
Money Laundering-Data Protection Clash Leaves Polish Firms In Limbo
6th Dec 2018 | Written by:
Financial institutions in Poland are caught between European data protection laws and national on-boarding requirements, forcing some into onerous work-arounds to avoid the risk.
FCA Pours Cold Water On Norway-Style 'Plan B' Brexit
4th Dec 2018 | Written by:
Uncertainty is mounting over Prime Minister Theresa May’s ability to secure parliamentary support for her Brexit plan, but the UK’s top financial regulator has warned that a rumoured “Plan B”...
UK Data Watchdog Reassures Financial Firms On PSD2, GDPR Overlap
29th Nov 2018 | Written by:
The UK’s data protection regulator has reassured financial institutions that it will work with them to navigate potential clashes between separate EU legislation on payment services and data privacy.
UK: Information Commissioner Publishes Guidance on Encryption and Passwords in Online Services
2nd Nov 2018 | Written by:
On November 1, 2018, the Information Commissioner’s Office (ICO) released guidelines in relation to the technical and organisational measures that organisations must implement to be compliant with...
UK: Information Commissioner’s Office Issues Enforcement Notice to Data Controller for GDPR Failings
1st Nov 2018 | Written by:
On October 30, 2018, the Information Commissioner’s Office (ICO) released an enforcement notice addressed to AggregateIQ Data Services Ltd (AIQ), in its capacity as a data controller under both the...
Industry Wary Over PSD2 Data Protection Issues, Report Finds
17th Oct 2018 | Written by:
European regulators still have work to do to help businesses navigate conflicting requirements between this year’s payments overhaul and shifts in anti-money laundering and data protection reforms,...
Data Protection Complaints Soar As GDPR Takes Hold
3rd Oct 2018 | Written by:
Irish data protection authorities have seen a “significant” increase in both complaints and breach notifications since EU-wide reforms took effect in May, PaymentsCompliance can reveal.
Tesco Bank Fine Could Mean Double Trouble For Breached Companies
2nd Oct 2018 | Written by:
The UK’s financial regulator has handed down a £16.4m fine to Tesco Bank for its failings in relation to a cyberattack in 2016, bringing to the fore questions of regulatory jurisdiction in a post...
UK: ICO Takes Action Against Organisations Failing to Pay New Data Protection Fee
27th Sep 2018 | Written by:
On September 26, 2018, the Information Commissioner’s Office (ICO) announced that it had formally commenced enforcement proceedings against 34 organisations, including various financial...
France: Data Protection Authority Publishes Study on Blockchain and GDPR
25th Sep 2018 | Written by:
On September 24, 2018, France’s data protection authority, the National Commission on Informatics and Liberty (Commission Nationale de l’Informatique et des Libertés - CNIL), published a study...
CVV Numbers Scraped In British Airways Cyberattack
10th Sep 2018 | Written by:
British Airways has confirmed that cardholders’ CVV numbers were accessed during a recent high-profile data breach, but said the highly sensitive information was not being stored internally.
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