Quick HSBC Guide to GDPR for Treasury Folks 2

As we all know from the many emails received over the last couple of weeks, the EU General Data Protection Regulation (GDPR) is now here. Browsing around i came across some informative documents from HSBC about GDPR, which i thought would be worth sharing. Let’s jump to it…

GDPR Checklist for Treasury

Key notes:

• Understand what data you have that falls under GDPR
• Do you have consent for the personal data?
• Who is responsible for the data that falls under GDPR?
• Are you managing data appropriately as required by GDPR?
• Where is your data stored?
• Do your third party partners comply with GDPR? Are you sure?
• Is your data encrypted?
• Do your employees understand cyber-threats, and how they may be targeted?
• What is the process to report breaches?
• Are you prepared for a GDPR audit?

GDPR Data Breach Infographic

The following HSBC GDPR infographic hones in on a data breach and details the pertinent points:

• How a breach may occur
• The importance of data encryption
• The need to report any breaches within 72 hours
• The significant impact of not reporting the breach within the stated period