GDPR an opportunity to improve data systems and processes

A year after the official implementation of the GDPR, it is important to highlight the positive opportunities that compliance provides and the insights breach reports are providing, say Deloitte consultants. Financial services organisations are among those that are taking compliance with the European Union’s General Data Protection Regulation (GDPR) very seriously, and the insights this is delivering is likely to help drive momentum in other sectors, according to Stephen Bonner, cyber risk partner at Deloitte. “In the larger financial services organisations, customer trust is absolutely key to what they do. But even for those who have been taking it seriously for a long time, the GDPR has helped to give data protection officers a voice in a more business-focused, broader discussion to get the support they need,” he told Computer Weekly. A year after the official implementation of the GDPR, Bonner said the real benefits of the regulation will start being realised as more organisations in all sectors report data breach incidents on a much bigger scale than ever before.