Survey points out that 60% of European security professionals still have serious challenges to comply, plus one in four US respondents believe their organization does not need to comply with regulations
Varonis has announced the result of an independent survey of companies' readiness and attitudes towards the deadline for implementation of the General Data Protection Regulation (GPDR). All companies in the world dealing with data from people or services from EU countries will be required to comply with GDPR, subject to fines of up to 4% of their annual global revenues or € 20 million (approximately R$ 77 million) in case of non-compliance.
The survey, conducted with 500 IT leaders in companies with more than 1,000 employees in Germany, France, the United Kingdom and the United States, highlights GDPR readiness failures, with 57% of compliance-compliant cyber security professionals takes effect on May 25 of this year.
Making a geographical breakdown, 60% respondents in Europe and 50% respondents in the United States said they face serious challenges in complying with the GDPR.
"In Brazil, companies will also have to change the way they collect and manage Internet data, whether stored in physical or virtual environments," said Carlos Rodrigues, Varonis Vice President for Latin America.
"The biggest challenge will be to ensure the privacy of information, without leaks caused by problems in internal systems or malicious hacking, since Brazil is a frequent target of cyber attacks," he says.
Here are some more research points:
- 56% believe that the right to “disallow” the use of the data provided (for example, in a store purchase or site registration) represents the biggest challenge in adapting to GDPR.
- 38% report that their companies do not prioritize the need to adapt to GDPR on time.
- 74% believe that GDPR compliance will generate a competitive advantage over other companies in its market.
- One in four respondents in the United States believe their company does not need to conform to GDPR.
- 35% of respondents in Germany, 42% in France and 36% in the United Kingdom state that they are in compliance.
- In Europe, almost half of respondents say their company has reached more than 50% of the compliance process.
“It is worrying that so many security professionals are not concerned, especially because many companies do not correctly handle data collection, management and protection practices,” says Rodrigues.
Source: securityreport.com
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