2018 seems to be the year for data protection as Europe and Australia both welcome new data security laws in an effort to reduce the number of data breaches and defend critical information. But do the businesses that will have to adhere to the strict compliance rules believe this will work?
A new report by Webroot set out to examine this and surveyed IT professionals from organizations in the US, UK and Australia to find out how ready they were to comply with the European General Data Protection Regulation (GDPR) and the effectiveness of the laws when implemented.
It was found that almost all (95%) of respondents agreed that by enforcing stricter data protection laws this will then lead to fewer organizations suffering from data breaches in the future.
With Australia’s Notifiable Data Breaches (NDB) which came into effect in February of this year, 89% of Australian businesses claim they meet the required standards to be compliant with the newly enforced law. The number is slightly higher for organizations in the UK with 99% stating they are ready for GDPR which comes into effect on May 25th. However, the news is not great for US enterprises, with IT decision makers revealing that only 12% have stated they will be compliant with both the GDPR and NDB.
However, the US respondents felt the most confident in their ability to provide, within a month, the necessary EU citizen information when requested, which was significantly higher than those in Australia (50%) and the UK (18%).
The new laws, GDPR and NDB, will no doubt have a positive impact on the level of protection offered to sensitive information processed and stored within organizations. However, it is up to the enterprises to ensure they are compliant with the standards which involves knowing where the data is being stored and housing data that is needed and disposing it securely when it is not required.
If you want to get more helpful information on global compliance regulations and learn how to reduce the scope and stress of meeting data compliance requirements, sign up for this free eperi E-Book: What The C-Suite Should Know About Compliance Regulations When Moving To Cloud Services