GDPR: Not Heavy Handed Yet, But Driving Data Breaches Into The Open [Forbes]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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Source: Forbes
GDPR: Not Heavy Handed Yet, But Driving Data Breaches Into The Open The GDPR isn't a year old yet. But its threat of major fines for failure to report data breaches is bringing them out in the open. Credit: Getty With the European Union’s landmark General Data Protection Regulation (GDPR) now in place a bit more than eight months, it seems that at least one of its messages has had some major resonance: A cover-up will be worse, and more expensive, than a crime. Among its multiple mandates, GDPR requires that organizations report a breach within 72 hours of becoming aware of it. Failure to do that can bring more punitive sanctions than a breach itself. Given that the law is new, it’s impossible to say exactly how many organizations would have “forgotten” to report breaches they are now hastening to report. nearly 60,000 reported last week As partner Ross McKean put it, “the GDPR is driving personal data breaches out into the open.” But at least so far, some of the other scare headline
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SNPS
Earnings
- 2/21/24 - Beat
SNPS
Sec Filings
- 4/18/24 - Form EFFECT
- 4/17/24 - Form 424B3
- 4/12/24 - Form 8-K
- SNPS's page on the SEC website