In May 2018, the European Union will implement the new GeneralData Protection Regulation (GDPR), and companies are making majorpolicy changes to prepare for its installment.

In what Marsh calls "the most significant overhaul of privacylaw in a generation," the GDPR will bring enormous changes toEurope's data protection and privacy rules. The regulationestablishes global requirements about how organizations that dobusiness in the European Union must manage and protect personaldata, while strengthening the privacy rights of residentsthroughout the EU.

In anticipation of the new regulation, Marsh has released theresults and analysis of a recent survey in a new report, titled "GDPR Preparedness: AnIndicator of Cyber Risk Management."

Correlation between GDPR and cyber risk

The new study says the upcoming implementation of the EU'sGeneral Data Protection Regulation (GDPR) has elevated cyber riskto the top of the corporate agenda for organizations doing businessin Europe. From the results of the survey, the report concludesthat cyber risk management is both a cause and consequence of GDPRcompliance, as the rules encourage businesses to adopt more rigiddata protection practices.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].