A government rule that threatens forfeiture of 4 percent of a company’s annual worldwide revenues would seem a sure bet to grab every business leader’s attention.
But a new survey finds that many companies in the U.S. and abroad have greeted last year’s implementation of the European Union’s landmark cybersecurity regulation with a resounding lack of urgency.
The EU’s much-heralded General Data Protection Regulation went into effect May 25, 2018. Yet a year later, an average of one out of four companies in every country reported having a low degree of confidence in their readiness to respond to a data breach covered by GDPR. That’s according to a survey of more than 1,200 organizations in the U.S., Europe, China and Japan.
Read more at New England In-House.