Adrian Davis, MD (ISC)² EMEA; Jason Hart, CTO Gemalto; Tom De Cordier, Lawyer and Partner, CMS DeBacker
Until recently, EU data protection laws mainly focused on data subject consent, proportionality, purpose limitation, transparency, etc. Information security, however, was very often deemed to be an area for the techies, not an area of legal compliance.
Read more >
This will change as a result of two recent and major pieces of EU legislation: the General Data Protection Regulation (GDPR) and the Network and Information Security Directive (NIS Directive).
Under the GDPR and the NIS Directive, businesses and operators of essential services (eg. hospitals; airports; etc.) will have to implement robust information and system security measures. In addition, the new rules contain a new name-and-shame mechanism: businesses and operators will have to inform the relevant authorities of security incidents. And they will have to inform the affected data subjects, unless the affected data were rendered unintelligible (for example by means of encryption).
Finally, the EU wants the new data protection rules to become a board-level issue and it has therefore decided to make the rules subject to hefty fines:
•If a business fails to comply with its data security obligations under the GDPR, it may get a fine of up to 10,000,000 EUR or 2 % of its total worldwide annual turnover, whichever is higher.
•Worse even, if a business is found to be in breach of certain other obligations under the GDPR, the fine may go up to a dazzling 4 % of its total worldwide annual turnover.
During this webinar, you will learn from Jason Hart, CTO at Gemalto and Tom De Cordier, an expert in data protection and information security law at CMS in Brussels, what the new rules mean in practice and what businesses should do to bring themselves in line with the upcoming requirements.