A “price of data security” guide by Aon and DLA Piper of the availability of insurance for General Data Protection Regulation (GDPR) infractions revealed that businesses are on their own in most countries. Not only are Finland and Norway the only two countries where insurance for fines might be found, in 20 out of 30 reviewed jurisdictions GDPR fines are generally not regarded as insurable. These include the UK, France, Italy and Spain.
Insurance broker Aon and the DLA Piper law firm launched the guide ahead of the May 25 effective date of the GDPR.
