The GDPR compliance deadline might have passed but over two-thirds of UK firms acknowledge they are at risk of a GDPR breach crisis. While data mapping and updating privacy policies are an important aspect of GDPR preparedness, many companies will struggle to respond to GDPR breaches and incidents.
The deadline for compliance with the new General Data Protection Regulation (GDPR) passed on 25th May 2018, yet many firms are not yet fully compliant and are adopting a wait and see approach to the enforcement of the new regulation. Some have taken more drastic measures and suspended operations in the EU. In a recent Financial Times report, many companies were unprepared for the surge in requests regarding usage of their personal data. This is often due to poor information governance and an over retention of personal data, which compounds and become increasingly difficult and expensive as the volume and complexity of data growth is exponential.