Aberdeen Asset Management’s Global Head of Information Security Jon Pumfleet discussed the impact mandatory data breach reporting requirements within the General Data Protection Regulation will have on business leaders, Computing reports. Pumfleet believes companies will begin to take cybersecurity seriously, rather than risk paying huge fines, or worse, losing customers. “GDPR paves the way to embrace the single most powerful force in western capitalism — the customer. As soon as firms realise they have to tell customers [about a data breach] the mindset will change in a way regulations rarely have such an impact,” said Pumfleet.
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