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GDPR drives cyber insurance uptake

Posted On: Apr. 15, 2019 6:15 AM CST

General Data Protection Regulation cyber

Ireland-based Dooley Insurance Group said that local businesses are increasingly buying insurance against data breaches due to the European Union’s General Data Protection Regulation, The Irish Times reported. The insurance broker said that government agencies and big companies insist that organizations with which they do business have GDPR-related insurance. Companies that hold personal information face stiff fines for data breaches under the new rules.

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