The recent Veritas report into GDPR readiness shows a number of startling statistics. For example, 31% of respondents claim to conform, however, on inspection only 2% actually did.
GDPR is a major piece of legislation, re-writing the rules on how European citizens' data is protected, irrespective of where it is located. With fines of up to 4% of global annual turnover or €20 million, whichever is greater, now is not the time to be complacent.
Understanding where personal data resides on your network and how it is used is key to unlocking GDPR compliance - as this helps organisations take adequate security measures, as well as provides knowledge on specific "what and where" data details, should a breach occur. With the clock ticking down, now is the time to act and get prepared.
The Veritas 2017 GDPR Report claims almost one-third (31 percent) of respondents said that their enterprise already conforms to the legislation's key requirements. However, when those same respondents were asked about specific GDPR provisions, most provided answers that show they are unlikely to be in compliance. Once inspected, only two percent actually appear to be in compliance, revealing a distinct misunderstanding over regulation readiness.