EU regulation on data protection may reduce cost of compliance
Companies not aware of legal obligations may end up paying more, experts warn
Many companies still aren’t aware of their obligations to protect sensitive information
Data protection experts said a draft EU regulation announced this week should reduce the cost of compliance for some companies, but warned that many still were not aware of their obligations to protect sensitive information.
Hugh Jones, a partner with data protection consultancy Sytorus, said the regulation would be “a learning curve” for many businesses which hadn’t been complying to date.