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KOGER Study: 91% Of Asset Managers Have Enhanced Data Protection

KOGER® Inc., a global financial services technology company, has released data that shows most asset managers have enhanced data protection as mandated by the EU General Data Protection Regulation (GDPR), which goes into effect on May 25.  According to the study, 91% of asset managers have taken steps to comply with the GDPR, which is intended to safeguard consumer and investor data privacy and applies to all firms that do business in the EU. According to the data, 63% of funds have updated data protection policies and procedures.  62% hired a data protection officer and 53% conducted training with employees involved in...