GDPR and financial advice: Personal data breach classification

Ramifications for advice firms

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Rob Walton: "Education is a huge factor here – staff need to be made fully aware of their responsibilities, what the personal data they interact with means and the consequences of any mishandling."
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Rob Walton: "Education is a huge factor here – staff need to be made fully aware of their responsibilities, what the personal data they interact with means and the consequences of any mishandling."

In the third of a series of articles based on the latest meeting of the Intelliflo GDPR Working Group on the ramifications of the GDPR for financial advice firms, Rob Walton looks at personal data breach classification

Under the GDPR, a personal data breach is defined very broadly as "a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal...

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