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Research Shows Improved GDPR Readiness, But 62% Of Businesses Still At High Risk Of Non-Compliance Fines

Author: Compuware Corporation / Source: Information Security Buzz

Europe lags behind the U.S. in outlining detailed plans for GDPR compliance; UK firms are least prepared

DETROIT- Compuware Corporation, the world’s leading mainframe-dedicated software company, today released new research revealing that, despite making progress over the past 12 months, the majority of European and U.S. businesses are still inadequately prepared to comply with the new EU General Data Protection Regulation (GDPR), due to be enacted next year.

Key findings include:

  • 67% of European organisations say they are well-briefed on the GDPR and the impact it will have on the way they handle customer data; an improvement from 55% when the same question was asked last year.
  • Of the 94% of U.S. organisations that possess European customer data, 86% claim to be well briefed on the GDPR and its impact on the way they handle that data; a significant rise from the 73% who responded affirmatively when asked the same question last year.
  • Only 38% of all respondents have a comprehensive plan in place for how they will comply with GDPR, leaving the majority at risk for non-compliance fines. This is only a slight improvement from the 33% who had a comprehensive plan in place last year.

However, the findings reveal that U.S. organisations are better prepared for the EU GDPR than their European counterparts. 60% of U.S. respondents with European customer data said they have a detailed and far-reaching plan in place, marking a slight rise from 56% that had plans last year. The UK was least prepared, with just 19% of organisations having a detailed plan in place, rising only slightly from…

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