AllClear ID


White paper: GDPR – banks, breaches and billion euro fines

The European Union’s new General Data Protection Regulation (GDPR) introduces 72-hour breach notification requirements along with severe regulatory fines and consumers and affected third parties now have the right to sue organisations responsible for data breaches.

Banks facing fines totalling €4.7bn under GDPR

Consult Hyperion is forecasting that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR). The report, “GDPR: Banks, Breaches and Billion Euro Fines”, which was commissioned by security firm AllClear ID, is a “conservative” forecast and excludes compensation claims, costs associated with […]