Until quite recently, the European Union Data Protection Directive of 1995 was considered the gold standard for data protection throughout Europe.

We are currently witnessing a trend whereby banks and financial institutions are increasingly being attacked by cyber criminals, resulting in both the loss of precious data as also the causing of irreversible damage to brands and market reputations.

Effective 25 May 2018, the E.U is to implement a new data protection regulation designed to protect the data privacy of E.U citizens and to redefine the manner in which organizations deal with data privacy.