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Consult Hyperion forecasts banks to face fines...

 
Financial institutions may experience 384 data breaches with fines as high as €260m per breachEuropean 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 riskLondon, UK, 15th June 2017: 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... Source: RealWire

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RealWire
Posted: June 15, 2017 |  By: Wissen Schwamm
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