"39% of 250 insurance brokers in the UK are not even aware of the General Data Protection Regulation (GDPR) that is coming into effect in 2018" - see below.
Time to get the skates on!
For larger insurers the issue for many is that so much data is hidden, inaccessible, dark, stored over the years of multiple acquisitions in data silos with unknown personal data which customers will have a right to:
- know about
- receive in a reasonable, readable format.
A goldmine for legal firms keen to let customers claim compensation.
In the short term look for a cost-effective tool that will retrieve this unstructured data and let you demonstrate reasonable efforts to comply with the GDPR.
That also gives you time to consult, specify, test and deploy enterprise wide solutions for past and future data.
landmark case being brought against technology giant Google for its alleged unlawful ‘harvesting’ of personal information from Apple iPhone users. Now it has been revealed that personally identifiable information for approximately 1.6 million customers of TIO Networks – a payment processor acquired by PayPal barely five months ago – may have been compromised. While the two cases differ in that the latter is not an allegedly deliberate move by the platform itself, they still serve as a strong reminder of the issue surrounding data protection. Remember that survey we told you about in October which found that 39% of 250 insurance brokers in the UK are not even aware of the General Data Protection Regulation (GDPR) that is coming into effect in 2018?