GDPR: These Four Letters Could Spell a Compliance Headache for Smaller Banks

Donna McPartland, Counsel in the Privacy, Cybersecurity & Data Protection practice, recently spoke with the American Bankers Association Banking Journal regarding their analysis of the upcoming data privacy regulation, the General Data Protection Regulation (GDPR).

In the article titled “GDPR: These Four Letters Could Spell a Compliance Headache for Smaller Banks,” she discussed several issues banks should consider for the GDPR’s May 2018 rollout, including the breadth of the law, new rights for individuals, risk assessments, location specifications, online marketing, and how companies can prepare in advance.

According to Donna, how banks will be able to navigate potential enforcement actions boils down to advance preparation. “They’re going to look at: What steps have you put in place to provide data privacy and protection? Do you have technical and organizational measures in place to protect the security of personal data? That’s why it’s important to be proactive and put GDPR-compliant measures in place, because you would have a stronger argument to counter significant penalties.”

To read the full article, click here.

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