Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > GDPR: Is time running out?
    Top Stories

    GDPR: Is time running out?

    GDPR: Is time running out?

    Published by Gbaf News

    Posted on May 13, 2018

    Featured image for article about Top Stories

    By Ian Kilpatrick, EVP Cyber Security for Nuvias Group

    The General Data Protection Regulation (GDPR) will overhaul how organisations store, secure and manage their customers’ data.  EU citizens will have extended rights that include the right to know what information is held about them, the right for that data to be removed, the right to data portability, and the right to be informed if there is a data breach. This data is known as PII (Personally Identifiable Information).

    Alongside that, the Network and Information Systems (NIS) directive applies to operators of essential services, such as water, energy, transport and health providers and is aimed at ensuring they safeguard data against cyber-attacks. Like GDPR, the penalties for non-compliance are extremely high.

    Yet according to research published this year by the Department for Digital, Culture, Media and Sport (DCMS), only 38 percent of UK businesses said they had heard of GDPR – and among those that are aware of it, only a little more than a quarter have made any changes in readiness for the new regulations. However it’s not too late to do something. The authorities know compliance is an ongoing process, and want to see organisations showing willingness to comply.

    Understanding the data assets your organisation collects, holds and processes is the essential step in the planning stages to GDPR readiness. Once you have identified all the data types and sources you hold, you need to understand where it is stored and who can access it. Printed copies should be securely stored, with regular reviews to ensure the copies are still required. If not, securely destroy them.

    Electronic storage within a structured database should be relatively easy to recognise, maintain and protect. The larger problem is unstructured data and knowing where PII, or personally sensitive information, is stored. Data discovery tools can search all mappable drives to find sensitive files (.docx, .xlsx, .pdf’s etc) that may contain the data that you are searching for – e-mail addresses, phone numbers, credit card details, National Insurance numbers, etc.

    Once you know where your un-structured sensitive files are stored, move them to a central repository from which you can defend access. Set up processes and procedures to be able to respond in a timely fashion to Data Subject Access Requests (DSARs). Finding a Citizen within your paper records will require a physical search. Finding a Citizen within your CRM or other database  should be accommodated from the application. The same tool that helped your organisation find sensitive files, ought to discover specific subjects within un-structured data, allowing an organisation the ability to respond to DSARs within the 30 days prescribed.

     

    By Ian Kilpatrick, EVP Cyber Security for Nuvias Group

    The General Data Protection Regulation (GDPR) will overhaul how organisations store, secure and manage their customers’ data.  EU citizens will have extended rights that include the right to know what information is held about them, the right for that data to be removed, the right to data portability, and the right to be informed if there is a data breach. This data is known as PII (Personally Identifiable Information).

    Alongside that, the Network and Information Systems (NIS) directive applies to operators of essential services, such as water, energy, transport and health providers and is aimed at ensuring they safeguard data against cyber-attacks. Like GDPR, the penalties for non-compliance are extremely high.

    Yet according to research published this year by the Department for Digital, Culture, Media and Sport (DCMS), only 38 percent of UK businesses said they had heard of GDPR – and among those that are aware of it, only a little more than a quarter have made any changes in readiness for the new regulations. However it’s not too late to do something. The authorities know compliance is an ongoing process, and want to see organisations showing willingness to comply.

    Understanding the data assets your organisation collects, holds and processes is the essential step in the planning stages to GDPR readiness. Once you have identified all the data types and sources you hold, you need to understand where it is stored and who can access it. Printed copies should be securely stored, with regular reviews to ensure the copies are still required. If not, securely destroy them.

    Electronic storage within a structured database should be relatively easy to recognise, maintain and protect. The larger problem is unstructured data and knowing where PII, or personally sensitive information, is stored. Data discovery tools can search all mappable drives to find sensitive files (.docx, .xlsx, .pdf’s etc) that may contain the data that you are searching for – e-mail addresses, phone numbers, credit card details, National Insurance numbers, etc.

    Once you know where your un-structured sensitive files are stored, move them to a central repository from which you can defend access. Set up processes and procedures to be able to respond in a timely fashion to Data Subject Access Requests (DSARs). Finding a Citizen within your paper records will require a physical search. Finding a Citizen within your CRM or other database  should be accommodated from the application. The same tool that helped your organisation find sensitive files, ought to discover specific subjects within un-structured data, allowing an organisation the ability to respond to DSARs within the 30 days prescribed.

     

    Related Posts
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostData breaches top list of concerns for insurance industry
    Next Top Stories PostInternet of Broken Things? 10 key facts about IoT

    More from Top Stories

    Explore more articles in the Top Stories category

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    View All Top Stories Posts