EU Banks and Other Businesses Will be Required to Report Serious Data Breaches

(June 20, 21 & 22, 2011)

European Union Justice Commissioner and Vice-President of the European Commission Viviane Reding has said that financial institutions and other businesses will be compelled to disclose serious data security breaches.
EU telecommunications companies and ISPs already have mandatory breach notification requirements in place. The new requirements will affect all businesses that store customer data. 

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