Over 50% Business Owners Unaware Of Incoming GDPR

By   ISBuzz Team
Writer , Information Security Buzz | May 19, 2017 06:30 am PST

New research from Shred-it’s seventh annual Security Tracker that found that more than half of UK business owners unaware of incoming general data protection regulation. Gordon Morrison, Director of Government Relations at McAfee, on the transformation potential of GDPR commented here on the research below.

Gordon Morrison, Director of Government Relations at McAfee:

“With this new research indicating that 43% of senior executives of large companies are unaware of the forthcoming General Data Protection Regulation (GDPR), it’s clear that not only is there a great deal of education needed around what GDPR is, but of the potential benefits that the regulations present.

“The cloud, big data and the advent of Internet of Things are playing an increasingly important role in many organisations operations and plans for new revenue streams. And each of these new technologies presents challenges in terms of data protection and cybersecurity – the foundation of GDPR. But instead of this simply adding to business leaders and IT teams’ concerns, they should instead look at GDPR as an opportunity to transform their data and cyber security approach”

“GDPR presents an opportunity to get the necessary budget and procedures in place to revolutionise an organisations’ approach to and culture around cybersecurity. With two-thirds of large firms (68%) identifying at least one cyber security breach or attack in the last 12 months. Achieving compliance by May 2018 is critical but, it will be an ongoing requirement and organisations should see GDPR as an opportunity to perhaps reassess and adapt the way they deliver secure services to clients”

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