With less than a year to go until the deadline for compliance with the new EU General Data Protection Regulation (GDPR), now is the time to prepare. Billed as the biggest change to data privacy laws in many years, GDPR has the potential to massively impact the financial services sector around the globe. Failure to comply could not only cost your business large amounts of money – as much as 4% of global revenue, but also damage your reputation and expose you to lawsuits from clients.
Brickendon looks at the things you will have to consider and how you can turn compliance into an advantage for your business.
