Why Data Protection matters for EU corporates

By Edith Rigler, Transactiuon Banking Academy tutor

Mention the phrase “data protection” to someone and you are likely to receive a big yawn. Add the fact that 28 January was European Data Protection Day and you’re just as likely to get a puzzled reaction. You will hear the comment that data protection is a dry subject, which is neither of great relevance or interest. At most, the subject is seen to be relevant to banks - after all, they hold financial data on their customers such as account numbers, balance information, risk and investment preferences, as well as personal information such as names, postal and email addresses and telephone numbers. But data protection as a subject of interest to corporates?

Yet data protection and security should concern everyone, be it an individual, a business, a bank or a public authority. 

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