Banking and financial data enjoy a high level of trust and require particularly sensitive handling. Financial service providers collect and process personal data in almost all business processes and therefore face particularly high data protection challenges.

Requirements from bank-specific regulations such as the KWG or MA-Risk often have data protection implications that must be evaluated and applied in conjunction with the GDPR.

Data breaches involving account or credit card information require special trade-offs between reporting to the regulator and your own liability risk. Impending reputational damage with business implications requires sensitive handling and a strategy that takes into account legal aspects as well as the manner of communication.

At MKM Datenschutz, we are familiar with the special data protection requirements of the financial sector and will be happy to assist you in developing an individual data protection management system. MKM takes over the tasks as external data protection officer or advises your internal data protection officer in the implementation. Of course, our attorneys at MKM + PARTNER  will also represent you in court and before regulatory authorities, if necessary.

Feel free to contact our contact persons for a first non-binding consultation and benefit from a partnership with the MKM data protection experts.