IS GDPR COMPLIANCE PAYING OFF?

• Author: Tattle, Hilary
• Position: FINDINGS - General Data Protection Regulation - Brief article

IN ITS 2019 DATA PRIVACY BENCHMARK STUDY, Cisco found a correlation between GDPR preparedness and the frequency and severity of data breaches. Even though the vast majority of businesses reported having a data breach in the past year, 74% of GDPR-ready companies experienced one compared to 80% of companies that are less than a year from having compliance measures in place and 89% of companies that report being more than a year away from compliance. Of the breaches that did occur, companies with compliant privacy provisions in place had an average number of 79,000 records impacted compared to 212,000 for the least-prepared, and had an average systems downtime of 6.4 hours...