Many companies are behind schedule to achieve Global Data Protection Regulation (GDPR) compliance by the upcoming May deadline, according to a new survey sponsored by international law firm McDermott Will & Emery and carried out by the Ponemon Institute.
The survey results show that 40 per cent of businesses only expect to achieve compliance after May 25th, when the regulation comes into effect. However, eight per cent reported that they did not know when they would achieve compliance.
Some 60 per cent of respondents said GDPR will “significantly change” their organisations’ workflows regarding the collection, use and protection of personal information, with 71 per cent admitting that not complying could have a “detrimental impact” on their companies’ ability to conduct business globally.
The difficulty in preparing for data breach notification, a cornerstone of the regulation, is the most difficult obligation according to 83 per cent of respondents, with 68 per cent saying that an inability to comply with the notification requirement poses the greatest risk to their companies.
Mark Schreiber, McDermott partner and a leader of the Firm’s Global Privacy and Cybersecurity Practice, said: “There is a lot more work to be done for GDPR readiness, this study shows. These findings reflect the demanding nature of GDPR and the anxiety around complying with it.”
This is why it is vital for businesses to focus on the solutions that will aid them in complying with the regulation. Implementing a firewall, such as WatchGuard can provide the perimeter security your organisation will need to achieve compliance.
Meanwhile, mobile data management is essential if any company information is stored on mobile devices. Furthermore, businesses will have to ensure their data is backed up in case it is lost. The right backup solution will cover all of your workloads, whether that’s virtual, physical or cloud.