Six months in - GDPR Costs Exceeded Expectations
Date: 07:00 11/05/2018
By Joakim Thorén, CEO
Just about six months after the implementation of the EU's General Data Protection Regulation, we polled companies both in Europe and beyond to learn how the GDPR is impacting them. Among the most important findings: Many companies paid more than they'd anticipated, many non-EU companies are putting similar regulations in place in the belief that similar regulations are coming in their countries and educating users about remaining in compliance is a major concern.
We conducted the survey with Survey Monkey this fall. The survey showed a generally positive response to GDPR, but only about two in three companies said they'd paid about what they expected or less than expected to implement the regulations, which went into effect in May 2018.
About a quarter of respondents said they remain worried that they'll be assessed fines for non-compliance, but only about 16 percent said they feared they'd lose customers or revenues due to the more stringent privacy rules.
View our press release about the survey results here: https://versasec.com/docs/2018.11.05-GDPR-Survey.php.
To obtain the complete survey and results, contact us here.
Tags: gdpr, iam, cybersecurity, survey, trends, governance.