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Can’t pay, won’t pay?

More than half (54%) of UK businesses expect a data breach in the next 12 months, yet only 48% believe their business is financially prepared to cover any GDPR fines.

Research by Proofpoint, Inc highlights a disconnect between perception and reality when it comes to GDPR readiness. While 77% of UK businesses expect to be fully compliant by May 2018, only 5% have the necessary data governance strategies in place.

Adenike Cosgrove, EMEA Cybersecurity Strategist at Proofpoint, said: “It’s clear that when it comes to GDPR readiness, there is a disconnect. While the majority of UK businesses are bullish about their ability to meet the compliance deadline, our research shows that, for many, the basic requirements are not met. With data breaches becoming the new normal and the deadline to comply now less than six months away, the time is nigh to identify and protect all personal EU data.”.

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