General Data Protection Regulation for EU
In accordance with a Dell study, more than 80% of respondents knew very little or no details about the new EU General Data Protection Regulation. Dell has presented the results of a global survey on the European Union’s new General Data Protection Regulation (GDPR), which shows that in both SMEs and large companies there is a general lack of knowledge about of the new regulation, how to prepare for it and the repercussion of its non-compliance for data security and business results.
Designed to strengthen the protection of personal data of all EU citizens, the new regulation will take effect in May 2018 and will affect businesses of all sizes in all regions and sectors. Those that do not fully comply with the regulation, when it takes effect, may face significant sanctions, potential breaches in their security and therefore a reduction in their reputation.
The results of the survey show that 82% of professionals in the commercial and IT areas responsible for data security in both SMEs and large companies are concerned with compliance with the new General Data Protection Regulation.
Although most of these professionals are concerned about compliance, respondents show a general lack of awareness of the standard and are either not prepared for it or do not think it will be effective when it comes into force: More than 80% Of respondents say they either know very little or do not have any information about GDPR and less than a third of companies feel they are ready for the GDPR today.
The results of the survey also reflect that while companies realize that failure to comply with GDPR can have an impact on both data security and results, they are not clear about the extent of the changes they should implement, Nor the severity of penalties for noncompliance or how these legislative changes can affect your business.
On the other hand, 79% of the respondents said they did not know or had not been informed of how their companies would have faced sanctions regarding their data privacy strategy if the regulation had come into effect this past year.
Other key findings from the study show that most companies do not feel well prepared in the various security modalities to comply with the regulation. For example, less than half of respondents feel well prepared for any aspect of security that affects GDPR.
In this survey, conducted by Dimensional Research, 821 IT and commercial data privacy professionals in companies with European customers answered questions about the knowledge, perception and readiness to apply the new regulation and about the expected impact of (Australia, Hong Kong, Singapore, India), the United Kingdom, Germany, Sweden, Belgium, the Netherlands, France, the United Kingdom and the United States of America. Italy, Spain and Poland. Also, completed the survey executives of companies with less than 100 employees.