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Second Annual GDPR Readiness Report Reveals That 60% of Organizations Are in the Dark

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by Angela Guess

A new press release reports, “AvePoint, an industry leader in data protection solutions, and the Centre for Information Policy Leadership (CIPL), a global privacy and cybersecurity think tank, published the 2nd annual Organisational Readiness for the European Union General Data Protection Regulation (GDPR) report today. The report tracks GDPR implementation efforts of over 235 multinational organizations. The GDPR establishes formal regulations around data protection for organisations located in the European Union (EU) and organisations that have an EU presence. Penalties for non-compliance with the new rules can result in fines of up to 4 percent of annual global revenue or €20 million. This year’s GDPR assessment is pivotal, with the GDPR effective date less than two months away.”

The release goes on, “The GDPR Readiness Report underlines how knowledgeable organizations are about their data contents and the data lifecycle. The report shows that knowledge levels vary widely among different aspects of GDPR implementation. Approximately 60 percent of survey respondents are in the dark about the sensitive and confidential content they hold within their data and how it’s used or treated. Conversely, knowledge levels surrounding data security are increasing with two-thirds of organizations reporting that they have internal breach notification procedures in place. More than half report having a response plan and team in place.”

Read more at PRweb.

Photo credit: AvePoint

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