Cordium extends its Cybersecurity and Data Protection Consulting Services to help investment firms comply with GDPR
October 2017 by Marc Jacob
Cordium has expanded its Cybersecurity and Data Protection Consulting Services to the UK to help investment firms prepare for and manage the requirements of the EU’s new General Data Protection Regulation (GDPR), which comes into effect in May 2018.
GDPR will introduce a rigorous set of data privacy and security requirements – spanning 99 articles and 173 recitals – for any organization that services European clients, regardless of where the company is located. The costs of non-compliance will be severe, with fines of up to €20 million or 4 per cent of annual turnover. Cordium will help investment firms assess their current policies and practices for processing, storing and protecting data, identify any potential gaps to the GDPR requirements and develop remediation plans. Clients will receive recommendations on the tools they can deploy and the policies and procedures they can implement to ensure ongoing compliance.
The GDPR consulting service is the latest addition to Cordium’s growing set of Cybersecurity and Data Protection Services, first launched last year in the US. The Company’s services are designed to help investment firms quickly understand how GDPR and other regulatory requirements apply to their specific situations and how to embark on rapid and effective plans of action.