Reports that the European Commission is planning a number of changes to its pan-European data breach legislation, including reporting a breach within 24 hours of its discovery – and if the rumours in the Financial Times and other media outlets are correct – dramatically increasing the penalties for data losses (http://bit.ly/vCrhgp).
According to Grant Taylor, Cryptzone vice president of the compliance vendor, the imposition of a 24-hour rule is something of a game changer, as it will significantly raise the bar on data security within the EU membership area, making the subject a boardroom agenda item for many more companies.
- Published: 11 December 2011
- Written by NStinchcombe