EU General Data Protection Regulation (GDPR) News

Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe

The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone market in the U.K. and the rise of Amazon.com Inc., said …

GDPR Day 1: Privacy Activist Files Complaints Against Tech Giants Over ‘Forced Consent’

As Europe’s new privacy law took effect on Friday, one activist wasted no time in asserting the additional rights it gives people over the data that companies want to collect about them. Austrian Max Schrems filed complaints against Google , …

GDPR Day 1: Wake-Up Call for Many; Media Sites Shut EU Access

New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data. The ramifications were visible from day one, with major U.S.-media outlets including the LA Times and Chicago …

GDPR Day 1: A New Era in Data Privacy Begins

From tech giant Facebook Inc. to libraries and schools, organizations are now subject to the world’s most far-reaching data privacy regulation in a crackdown aimed at protecting people from losing control over their personal information. It’s occupied thousands of lawyers, …

Microsoft to Extend EU Data Privacy Rights Globally. Facebook, Google Not Quite.

Microsoft promised this week to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That’s in contrast to some of its tech rivals, who are hedging on how much privacy protections will change …

How Data Privacy Laws Could Hamper Insurance Underwriting

Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best said in its latest regulatory assessment. The GDPR kicks in …

Businesses, Big and Small, Come to Terms with New Data Privacy Law

Lisa Meyer’s London hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles, color trends and keeping …

EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny

Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness and …

Europe’s New Data Privacy Law Boosts Cyber Insurance Sales

Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), which takes effect …

GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable

The civil fines for non-compliance with the European’s new data privacy law can be steep but organizations across Europe should not expect to have their insurance cover them. Unless the business or organization is in Norway or Finland. A “price …