GDPR: Data Privacy Laws in Financial Services
Perficient Data & Analytics
JULY 2, 2019
My previous blog post addresses the reasons for the regulation and the requirements associated with the New York State Department of Financial Services (NYDFS) 23 NYCRR 500. Data protection must be designed into the development of business processes for products and services. An example is encryption, which renders the original data unintelligible and the process cannot be reversed without the correct decryption key.