Preparing for mandatory breach reporting

Preparing for mandatory breach reporting

Suffering a cyber-breach probably ranks pretty highly on your list of worst nightmares. And as if that wasn’t enough to worry about, the new General Data Protection Act, which comes into force next year, means companies will soon be responsible for both protecting their customers’ data, and reporting any breaches when the unthinkable does happen – or face a potentially crippling fine.

Thankfully, there is some breathing space to prepare. HSBC’s Paul McCormack details what the new requirements for mandatory breach reporting are, when they come into force, and what the risks of getting it wrong are. You’ll also find out which forms of data are seen as high-risk and the security requirements you’ll be required to undertake to prevent their breach, such as encryption and testing, as well as learn about the differences in approach between reporting a breach to both the supervising authority and the data subject. Find out more by clicking on the link above.

Copyright Lyonsdown Limited 2021

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