by Angela Guess
A new press release states, “With the General Data Protection Regulation (GDPR) taking effect May 25, 2018, businesses around the globe should be preparing accordingly. However, through a recent survey, Trend Micro Incorporated, a global leader in cybersecurity solutions, found that C-suite executives are not approaching the regulation with the seriousness required, resulting in overconfidence when it comes to compliance. The company’s research reveals a robust awareness of the principles behind GDPR, with a strong 95 percent of business leaders knowing they need to comply with the regulation, and 85 percent having reviewed its requirements. In addition, 79 percent of businesses are confident that their data is as secure as it can possibly be.”
The release goes on, “Despite this perceived awareness, there is some confusion as to exactly what Personally Identifiable Information (PII) needs to be protected. Of those surveyed, 64 percent were unaware that a customer’s date of birth constitutes as PII. Additionally, 42 percent wouldn’t classify email marketing databases as PII, 32 percent don’t consider physical addresses and 21 percent don’t see a customer’s email address as PII, either. These results indicate that businesses are not as prepared or secure, as they believe themselves to be. Regardless, this data provides hackers with all they need to commit identity theft, and any business not properly protecting this information is at risk of a penalty fine.”
Read more at Marketwired.
Photo credit: Trend Micro