The General Data Protection Regulation (GDPR) has now been published and our clients are already planning to ensure they can demonstrate the steps they have taken towards compliance by its application date on 25th May 2018.
Being a Financial Services provider means you manage huge volumes of customer records and other data, which of course, has to be properly managed and stored in order to govern privacy, security and long-term archiving of records. A traditional compliance-based approach to data protection will no longer suffice – the GDPR demands a risk-based approach with regular assessments and development of appropriate secure controls. In addition, organisations must understand where customer data resides and identify what type of sensitive data is contained within vast data sources.
Northdoor is working with organisations across industries to determine how this new regulation will change how they manage their structured and unstructured data – failure to comply could lead to fines of up to €20m or 4% of annual worldwide turnover, whichever is the higher. With the UK’s departure from the EU, questions are surfacing regarding the General Data Protection Regulation. Consensus seems to indicate that if strict GDPR compliance for the UK may not be mandatory, then something very similar will be. More detail from the ICO regarding GDPR and its impact since the 23rd June 2016 referendum result can be found here.
Northdoor is pleased to invite you and your colleagues to a breakfast briefing session on the new GDPR and specifically what this will mean to the Insurance industry.
Topics will include responsibility for systems of records, access to data/sensitive data and governance: policies and processes.
When: Thursday 20th October 2016
Where: Northdoor, 1-3 Dufferin Street, London, EC1Y 8NA
08:00 – Registration
08:30 – Welcome and agenda – AJ Thompson, Northdoor
08:45 – Insight from an Insurer’s Perspective – Graham Cousans, Head of Governance, Amlin
09:00 – Overview – Technical Preparedness – Gregory Campbell, Information Lifecycle Governance and eDiscovery Legal Consultant, IBM
09:30 – Architectural Preparedness – Dr Phil Thomas, Analytics Architect, IBM
10:00 – Panel discussion, GDPR effect on FSS industry – Gregory Campbell, Dr Phil Thomas, IBM and Northdoor
11:00 – Close
Northdoor will work with you to score where you are against new regulation, understand where you need to improve and set a bespoke programme to get you where you need to be, this will include your data protection compliance, data privacy and security risks.