Introduction to General Data Protection Regulation (GDPR)
The European Union (EU) General Data Protection Regulation (GDPR), effective 25 May 2018, is the most important change in data privacy regulation in 20 years. The aim of the GDPR is to protect all EU citizens from privacy and data breaches in today’s data-driven world. The GDPR not only applies to organisations located within the EU but also applies to organisations located outside of the EU if they offer goods or services to, or monitor the behaviour of, EU data subjects. It applies to all companies processing and holding the personal data of data subjects residing in the EU, regardless of the company’s location.
This lunch and learn session will provide an overview of the GDPR to enable the financial services practitioners to better understand this new regulation and its major implications for financial services sector.
1. What is GDPR?
2. Who are affected by the GDPR?
3. Major implications for financial services sector
4. Key reporting requirements under the GDPR
5. Key penalties for breaches
It is primarily targeted to those who have no or limited knowledge of GDPR and those who are responsible for data privacy compliance practitioners.