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Consult Hyperion forecasts banks to face fines totalling €4.7bn in first three years under GDPR

· Financial institutions may experience 384 data breaches with fines as high as €260m per breach

· European regulations such as PSD2, ePR and AMLD4/5 will compound the issue by opening additional liabilities

· Report urges banks to focus on breach response readiness to mitigate this risk

London, UK: A new report from Consult Hyperion, commissioned by AllClear ID, forecasts that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR). This forecast is conservative and excludes compensation claims, costs associated with lost customers, damaged reputations and senior executive resignations.

: THE EDITORIAL TEAM; The BSIA Page; Posted On Friday, 16 June 2017 12:34

Fire & Security Association calls on industry to put forward deserving individuals

The fire, emergency and security industry is being urged to nominate outstanding individuals, who have changed the sector for the better, for this year’s FSA Awards.

The two awards, which are being presented again at the industry-leading IFSEC ‘Security and Fire Excellence Awards’ on 22 November in London, are as follows:

- The Peter Greenwood Security Award - recognises individuals who have made an outstanding contribution to the security systems industry. Last year’s winner was Andy Gilmore of AAI Security for 25 years’ of upholding technical standards.

: THE EDITORIAL TEAM; The BSIA Page; Posted On Friday, 16 June 2017 12:29

BSIA announces exciting, exclusive events on their stand at IFSEC 2017

IFSEC International 2017 is set to be another impressive event, with an extensive seminar programme and a wide range of security products and services on show. While there is plenty to see across the show floor, the British Security Industry Association (BSIA) also has some exciting events planned throughout the week.

: THE EDITORIAL TEAM; The BSIA Page; Posted On Friday, 16 June 2017 12:25

Prevalent acquires Datum Security for SMB third-party risk management platform

WARREN, NJ: Prevalent, Inc. has announced the acquisition of Datum Security, the leader in Third Party Risk Validation for small and medium-size business.