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GDPR set to increase business exposures

In less than a year on 31 May 2018, a profound reform of European data protection will come into force. General Data protection Regulation (GDPR) will establish one law across 28 European states, shifting power from organisations that collect data, towards individuals to whom the data belongs.
Put simply, organisations need to keep records of all personal data, be able to prove that consent was given, show where the data's going, what it's being used for, and how it's being protected.

The GDPR also impacts data controllers and processors outside the EU whose activities relate to the offering of goods or services to EU data subjects. Many will need to appoint an EU representative and a Data Protection Officer in some scenarios.

In a separate article, Miller cyber insurance broker Tom Quy discusses insureds’ next steps and how Miller is positioned to support and assist with specialist cyber policies.


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