The upcoming new European privacy legislation is causing increasing market turmoil: many SMEs are becoming increasingly aware of its large impact and fear high fines if they fail to implement the rules on time. However, is this panic justified? The implementation of new legislation always implies the search for a new social balance. This requires time and is done in ... Read More »
The shifting landscape in cybersecurity and data protection regulations across the region is a very hot topic. Asia as a region has lagged behind Europe, in particular, in terms of the development of updated data protection laws. The last few years have seen a real rapid pace of development in this area. We’ve actually had a number of jurisdictions — ... Read More »
Key facts FIS and Equifax jointly created OnlyID™, a digital authentication solution that helps protect consumers’ identities and allows them to securely make transactions across multiple online accounts. Without the need of passwords, consumers access OnlyID with a single registered identity through their preferred financial institutions and e-retailers that join the OnlyID Network. The OnlyID Network consists of authenticated consumers ... Read More »
Mike Bradford, BIIA’s contributing editor on the subject of data protection and privacy has published his latest newsletter which he is sharing with our UK members. August Headlines Information Commissioner’s Office Annual Report Data breach commentary Legitimate interest guidance Updated subject access policy Direct Marketing Association GDPR guidance GDPR in the press Warning to workers about sharing personal information Recent ... Read More »
A new report is “conservatively” forecasting that European finance organisations are about to shell out €4.7 billion in first three years after the GDPR (General Data Protection Regulations) comes into power thanks to data breaches which they don’t currently have to declare. Consult Hyperion, which commissioned AllClear ID to carry out the research said in a press release, “this forecast is ... Read More »
Roll up, roll up, shouts the cybersecurity tout at the conference. “Are you ready to be dazzled by our GDPR product, service and expert?” We smile, groan or “tut tut.” We watch, listen, agree to a meeting, or scold and walk away. Everyone’s an expert these days and all products solve the problem of GDPR, or at least that’s what ... Read More »
On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »
Data breaches are an enterprise problem involving legal counsel, human resources, corporate communications and other incident response (IR) stakeholders, say Verizon. This is based on Verizon’s Data Breach Directory (DBD) case files that provide most of the data for its Data Breach Investigations Report (DBIR), and the latest report lists the 16 most common or lethal data breach scenarios from the point ... Read More »
Data has transformed the way the world conducts business, but a new global business survey, commissioned by Experian, has found that many companies are still struggling to keep pace with customer expectations and increased scrutiny. Seven in 10 (72%) of companies said that data quality issues had affected trust and perception by their customers, who are increasingly aware of the ... Read More »
Hong Kong might just have experienced its biggest ever data breach after the personal details of the Special Administrative Region (SAR)’s 3.7 million voters were stolen on two laptops. The details are said to have included ID card numbers, addresses and mobile phone numbers. They were stored on two laptops in a locked room at the AsiaWorld-Expo conference center near ... Read More »
The Privacy Amendment (Notifiable Data Breaches) Bill 2016 passed both Houses of Parliament on 13 February. Unless the Government fixes a date for commencement by Proclamation, the law will enter into force 12 months from the date the Bill receives Royal Assent. The following is the official statement from Australian Privacy and Information Commissioner, Timothy Pilgrim: “I welcome the passage ... Read More »
On June 1, 2017, Chinese consumers and businesses, including financial institutions, will wake up to a more stringent set of rules regarding the creation and use of personal data. The new PRC Cybersecurity Law was passed after a third deliberation suggesting the extent to which the government sees the important of the Internet while recognizing the real threat posed it. ... Read More »
The consequences of today’s customer-led, digital-centric market are becoming clear: great change is upon us (and already happening in some cases). Forrester’s 2017 predictions reveal the big business and leadership, customer experience, and technology changes we anticipate in the coming year — and what to do about them. Business and leadership The necessary and unavoidable changes to leadership and talent ... Read More »
An Experian survey of parents’ awareness of child identity theft shows they need more education about the risks —that is, if they aren’t fraudulently using their children’s identities already Halloween is right around the corner and kids are getting ready to celebrate by dressing up as their favorite characters. Unfortunately, identity thieves can also “dress up,” stealing children’s identities and ... Read More »
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