GDPR: 10 ways for FI’s to prepare

The General Data Protection Regulation (GDPR) will put individuals in control of their personal data, empowering them to choose how (and whether) businesses use their data. Where personal data is not treated correctly, individuals will have increased rights to legal recourse and can, in some instances, claim compensation. Regulators across the EU will have unprecedented power to enforce the legislation and impose hefty fines in instances of non-compliance.

It is not enough to simply understand the headline requirements of the GDPR.  What is more important is understanding what the GDPR is intended to achieve and what the real risk issues are for your organisation.

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