The European Union (EU) recently enacted privacy regulations that impact any company doing business with European clients. The European General Data Protection Regulation (GDPR) affects any organization that collects data on even one European citizen. Companies should review their insurance program to ensure that data leaks are covered.
GDPR will affect companies located in the European Union (EU) and any businesses that have operations and customers there as well. Yet any company that processes or stores data related to at least one citizen of the EU could be faced with the potential of noncompliance. Many experts say that further regulations specific to the U.S. could be on the horizon.
That is why Data Breach Insurance could help save your business should it face a threat from a cyber attack.