Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Bureau Veritas    BVI   FR0006174348

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

BUREAU VERITAS : CERTIFICATION publishes the world’s first personal data protection standard

share with twitter share with LinkedIn share with facebook
share via e-mail
10/02/2017 | 11:30am CET

Paris-La Défense, France, October 3, 2017 - Bureau Veritas Certification has released a technical standard and certification to support companies in their digital transformation and promote confidence in big data.

The new certification from Bureau Veritas Certification is based on the world's first technical standard focused on the management of personal data protection by companies. This standard was prepared by Bureau Veritas Certification, in collaboration with Lexing, a law firm working on the forefront of personal data protection for nearly 40 years.

The purpose is to offer companies an established, independent and credible certification pertaining to the management of the personal data they collect. Certified companies will be able to demonstrate that they manage the personal data they collect in accordance with regulatory requirements and the expectations of their stakeholders.

The new certification anticipates the General Data Protection Regulation (GDPR), which is due to come into force in May 2018 across all 28 European Union member states. The Regulation applies to companies based anywhere in the world that process or hold the personal data of EU citizens.

Furthermore, 80-90% of citizens have expressed concern regarding the protection of their personal data. Data breaches, global cyberattacks and leaks of classified information have now become regular occurrences. This climate of distrust has tended to intensify with big data, even as the General Data Protection Regulation will require organizations that process data to comply with much higher standards.

'Digital responsibility has emerged as one of the major challenges facing companies in coming years. Our framework integrates standards for managing the protection of personal data, such as obtaining consent, proportionality and retention periods, without fundamentally changing a company's processes or structure', said Sébastien Fox, Vice President Certification Service Line, Bureau Veritas.

Companies need to take the lead and anticipate digital transformation by going beyond mere compliance with regulations. Responsible data management will give certified companies an additional way to protect and differentiate their brands, while restoring the trust of consumers, customers, patients and other stakeholders.

'All these steps will only be reassuring if they are clear, and if the assurances given about the protection of individuals' fundamental rights and freedoms are credible. On this point, only an independent third party can legitimately affirm that ethical rules have been respected. As a global leader in certification, Bureau Veritas Certification is now working with companies in all sectors who want to engage in a rigorous and transparent manner,' said Philippe Jeanmart, Senior Vice President Technical, Quality & Risk, Bureau Veritas.

According to Alain Bensoussan, 'at a time when this Regulation marks a major turning point in the regulation of personal data, we are pleased and proud to have developed a tool to enable GDPR compliance in partnership with Bureau Veritas, a world leader in its sector'. And the lawyer added: 'This framework will allow companies to attest their compliance with the new requirements arising from the Regulation and to enable them, in the face of this upheaval of their digital environment and the changing rules of the data game, to ensure that they have anticipated and implemented the essential measures necessary to be ready by May 2018'.

Target GDPR compliance with Bureau Veritas' voluntary data protection services

Learn more about Bureau Veritas data protection standard

About Bureau Veritas

Bureau Veritas is a world-leading provider in laboratory testing, inspection and certification. Created in 1828, the Group has more than 66,500 employees in around 1,400 offices and laboratories all across the world. Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.

Compartment A, code ISIN FR 0006174348, stock symbol: BVI.

For more information, visit www.bureauveritas.com

About Lexing

Founded by Alain Bensoussan, Lexing Lawyers is a law firm entirely law dedicated to digital and emerging law. With nearly 40-years' expertise in data protection law, it is leading an international network of about thirty tech-savvy law firms on the six continents. Since 2016, it has been offering GDPR compliance tools on its digital platform, Lexing SaaS Avocat. The firm published the first French-language book entirely dedicated to the General Data Protection Regulation (Larcier, Oct. 2016), quickly followed by its English-language version (Wolter Kluwers, Apr. 2017).

For more information, visit

https://www.alain-bensoussan.com/, https://lexing.network/fr

Bureau Veritas Media Contact:

Hélène RIBA - [email protected]

Lexing Media Contact:

Eric BONNET - [email protected]

Bureau Veritas SA published this content on 03 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 October 2017 09:29:03 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BUREAU VERITAS
02/16DON'T BE LATE : Time running out for iso transition
02/15BUREAU VERITAS : Launches New Cardinal Safety Rules Dedicated to Achieving "Zero..
02/14BUREAU VERITAS : Union Coop awarded ISO/IEC 27001
02/09A NEW SOLUTION FOR FOOD TRACEABILITY : Download Our Blockchain White Paper
02/08BUREAU VERITAS : Calls on Construction Industry To Give Part 8 The Green Light
02/07BUREAU VERITAS : acquires Lubrication Management SL from IK4-TEKNIKER in Spain
01/29BUREAU VERITAS : CERTIFICATION AND TESTING - Keeping standards high to ensure co..
01/25BUREAU VERITAS : shows its faith by investing in South Africa
01/24Apex Resources Reports Assays to 63.7 gt Au from Phase 1 Drilling on its Dayl..
01/24Prize Mining Receives Assay Results of Initial Drilling On Its Daylight Prope..
More news
News from SeekingAlpha
2017Bureau Veritas acquires ICTK in South Korea 
2017Bureau Veritas acquires IPS Tokai Corporatiion 
2017Bureau Veritas' (BVRDF) CEO Didier Michaud-Daniel on Q2 2017 Results - Earnin.. 
2017Bureau Veritas Registre International De Classification reports 1H results 
2017Bureau Veritas Registre International De Classification reports FY results 
Financials (€)
Sales 2017 4 682 M
EBIT 2017 704 M
Net income 2017 332 M
Debt 2017 2 040 M
Yield 2017 2,60%
P/E ratio 2017 28,67
P/E ratio 2018 24,92
EV / Sales 2017 2,46x
EV / Sales 2018 2,39x
Capitalization 9 496 M
Duration : Period :
Bureau Veritas Technical Analysis Chart | BVI | FR0006174348 | 4-Traders
Technical analysis trends BUREAU VERITAS
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 21,9 €
Spread / Average Target 1,8%
EPS Revisions
Didier Michaud-Daniel Chief Executive Officer
Aldo Cardoso Chairman
Nicolas Alain Marie Tissot Chief Financial Officer & Executive Vice President
Stéphane Bacquaert Director
Jean-Michel Ropert Director
Sector and Competitors
1st jan.Capitalization (M$)
BUREAU VERITAS-5.88%11 881
WORLDPAY INC7.04%23 197
UNITED RENTALS-2.83%14 127
INTERTEK GROUP-4.45%11 313