Life’s a breach: banks settle uncomfortably into GDPR

A year into exacting data privacy regulation, ramifications are becoming more tangible

The European Union’s General Data Protection Regulation (GDPR), possibly the most draconian privacy shield currently in existence, has companies that do any business in Europe flailing to comply. Its scorching fine for those that don’t report data breaches within three days: a 4% cut of global revenue.

But it’s not just private entities that are straightening up since the regulation went into effect last year – nor is it just data breaches that need to be addressed.

Public authorities are