Home Resources Blog Most Companies Not Ready for GDPR, Survey Reveals

Most Companies Not Ready for GDPR, Survey Reveals

Admin Globaldots
30.04.2018
image 1 Min read

With less than a month until the GDPR comes into force, many companies will not be ready when it takes effect on May 25th, 2018. 62% of IT Decision Makers (ITDMs) surveyed describe themselves as ‘confident’ in the build-up, with 1 in 5 (18%) saying they are nervous, according to WinMagic.

Only half (51%) of companies say they have all the systems in place that will allow them to remove EU Citizen data from servers upon the request, including back-ups, in accordance with Articles 16 & 17 of GDPR. Worryingly, a fifth (21%) do not yet have any systems in place.

In many cases, companies lack the systems and processes to ensure compliance with the new legislation which affects all companies holding and processing EU citizen data. They must have “appropriate technical and organizational measures” in place to safeguard personal data, as well as minimize data collection, processing and storage. Non-compliance can lead to fines of €20 million or 4% of turnover, but this is far outweighed by the reputation damage that can occur from a data breach where non-compliance has heightened the risks for citizens.

There are a number of key areas where they will fail to meet the requirements of the legislation, some of which include:

  • Data management delays
  • Failing to encrypt data
  • Poor data breach monitoring

Image Source

Read more: HelpNet Security

Learn More

What is FinOps? The Complete Guide
Cloud Cost Optimization
Admin Globaldots 31.05.23

While cloud-computing supports immense innovation – providing limitless resources in the pursuit of greater output and agility – public cloud end-user spending is projected to reach a staggering $600 billion this year. Hyperscale cloud vendors remain driving forces behind this growth, having proven their salt as highly strategic launchpads for digital transformation. The competition for […]

Read more
Cloud Cost Optimization: A Strategic Approach to Business Expansion
Cloud Cost Optimization
Admin Globaldots 18.05.23

FinOps is a strategic framework designed to manage and optimize cloud costs effectively. It’s a transformative approach that brings financial accountability to the forefront of the variable spend model of cloud computing. This model allows businesses to gain a firm grip on their cloud expenses, ensuring that every dollar spent is accounted for and utilized […]

Read more
AWS Data Transfer Cost Optimization: Everything You Need to Know
Cloud Cost Optimization
Admin Globaldots 17.05.23

While AWS services provide a wealth of mission-critical services – storing over 2.2 trillion objects in S3 – many organizations are left floundering in the solution’s complex pricing structures. Spanning transfer types and geographies, data transfer costs can be hugely unpredictable and rapidly get out of hand.  Below, we leverage decades of industry experience to […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo