Two-in-five UK businesses still unaware of the EU’s new data law despite the prospect of hefty fines
"Two years after the EU's General Data Protection Regulation (GDPR) was first announced, 20% of IT decision makers in the UK are still unaware of its existence, according to research.
The European Parliament formally adopted the GDPR last Thursday and when it comes into force in 2018 it will be applicable to all organisations with data stored in or passed through Europe. That includes organisations outside of Europe with European customers.
Of the 100 IT decision makers surveyed by Trend Micro that were aware of the GDPR, 29% didn’t think it would apply to their organisation or were unsure.
Failure to comply with the new regulation can have a big impact on a company’s bottom line – with organisations facing fines of up to 4% of their annual turnover for non-compliance.”
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