The EU’s General Data Protection Regulation will impose new privacy protections, and some large multinationals are expected to adopt the rules throughout their operations. Photo: iStockphoto/Getty ImagesCustomers of U.S. banks, credit-card companies and insurance companies will soon have their personal data protected more rigorously, thanks to a sweeping new set of regulations from the European Union. That is expected to be the case for financial institutions, which typically handle transactions from customers around the world. “This is something that helps both sides because when financial services are clear with customers, customers are more willing to do what a company is asking them to do.”Journal Report Podcast Subscribe to the Journal Report podcast at wsj.com, on iTunes or Google Play Music. It is about ingraining privacy in what you do.”Mr. Stone is a reporter for The Wall Street Journal in New York.

Source: Wall Street Journal April 25, 2017 02:03 UTC