Vast majority of European businesses unprepared for GDPR

20. November 2017

According to a study only 8 % of businesses are ready for the EU General Data Protection Regulation (GDPR) and nearly one third of the companies are even unaware of the GDPR, coming into effect on 25. May 2018.

Although the new Regulation is considered too complex especially for small and medium-sized businesses, the majority of businesses agree that new rules in the field of personal data protection are necessary.

Infringements of GDPR provisions could lead to fines of up to €20 million or 4 % of the total worldwide annual turnover for the preceding financial year, whichever is higher.

Category: GDPR