UK cyber market to resemble US amid tougher EU penalty regime
The UK insurance market is expected to increasingly follow its US counterpart as incoming EU legislation substantially toughens up penalties for data breaches.
Fines are set to rise for the most egregious offences to 4% of annual worldwide turnover or €20m (£15.2m), whichever is higher, under the General Data Protection Regulation, and notification will be
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