Lloyd's: 92% of European Businesses Suffered a Cyber Breach in Past 5 Years

CEOs of U.S. businesses have known for some time that cybersecurity is a significant issue affecting their day-to-day operations. And now, the topic is growing in importance for European business leaders as well.

By Rosalie L. Donlon | Updated on October 01, 2016

CEOs of U.S. businesses have known for some time that cybersecurity is a significant issue affecting their day-to-day operations. And now, the topic is growing in importance for European business leaders as well.

In 2018, the European Union is scheduled to introduce the General Data Protection Regulation (GDPR), which will establish stringent requirements for any businesses that deal with European consumers’ data. The new regulations are coming into force May 25, 2018, for all EU member states — but it affects any company doing business with EU citizens, regardless of where the company is based.

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