General Data Protection Regulation (GDPR)
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Study finds a quarter of UK businesses are no longer preparing for GDPR as they mistakenly believe they won’t have to comply because of Brexit.
One in four businesses in the UK say they have cancelled all preparations for the EU General Data Protection Regulation in the misunderstanding that it will not apply after Brexit, new research reveals.
The regulation, which has been years in the pipeline, is designed to harmonise data protection regulation throughout Europe and provide citizens with more control over their personal data.
Noncompliance could result in fines as high as €20 million or up to 4% of global turnover. New rules to ensure privacy must be engrained into data policies, and citizens will have the right to ask for their personal data to be edited or deleted.
It has been ratified by the UK and is due to come into force in May 2018, ten months before Britain completes its exit from Europe.
However, a survey of IT decision makers at UK companies by information management firm Crown Records Management has found 24% are no longer preparing for the regulation. A further 4% have not even begun to prepare.
See full article at www.information-age.com