According to a study by Veritas Technologies, just 2 percent of organizations are GDPR compliant today. The enforcement deadline of the EU General Data Protection Regulation looms. Financial services businesses are more at risk than most due to the new data protection laws. The new rules introduce mandatory data breach reporting requirements similar to those that exist in most U.S. states, but with a requirement to report a breach usually within 72 hours. Financial services will have to put in place adequate policies, procedures and training to ensure breaches are reported within the 72-hour period.”]
Source: https://www.careersinfosecurity.com/blogs/eu-gdpr-how-for-financial-services-p-2563