Global Data Security Issues

From the 2014 PLUS Conference session “Privacy and Data Security Issues Around the Globe,” moderator Lori Bailey (Zurich) and panelists Theodore J. Kobus, III, Esq. (BakerHostetler) and Paul Bantick (Beazley) discuss the EU Data Protection Directive and how it will impact not just companies based in Europe, but any company that “handles” EU data. And the potential fines can be immense…

“They can fine you 5% of your global turnover, so if you’re a company like Google you’re looking at a $3 billion fine in Europe if you have a significant data breach.”

For much more on this quickly evolving area of coverage don’t miss the 2015 Cyber Liability Symposium on September 17 in Chicago. If you have a topic you’d like to see (or present on) at the event please submit it now.

PLUS members can view this entire Conference session in the PLUS Multimedia Library.

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About plushq

The Professional Liability Underwriting Society (PLUS) was founded in 1986 by industry professionals who recognized the need for a forum for individuals involved in the field of professional liability. The Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. Membership consists of over 6,500 individuals, representing over 1,000 companies active in the many fields of professional liability. PLUS currently receives the support of more than 200 companies through corporate membership. PLUS is recognized as the primary source of professional liability educational programs and seminars, assistance to its members to help serve clients, and information regarding professional liability. The Society is continually seeking new means to fulfill its mission statement and better serve its members.

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