06.166.2017 - Consult Hyperion forecasts banks to face fines totalling €4.7bn in first three years under GDPR

Financial institutions may experience 384 data breaches with fines as high as €260m per breachEuropean regulations such as PSD2, ePR and AMLD4/5 will compound the issue by opening additional liabilities Report urges banks to focus on breach response readiness to mitigate this riskLondon, UK, 15th June 2017: A new report from Consult Hyperion, commissioned by AllClear ID, forecasts that European financial institutions could face fines totalling €4.7 billion in the first three years under the... Source: RealWire - View Press Release