Few firms will be ready for new European breach disclosure rules, fines

The new European General Data Protection Regulation goes into effect next May, with onerous notification requirements and high penalties, but a year might not be enough for firms to get ready.Recent surveys show that most companies are not prepared for the regulations.

According to a recent SailPoint survey, 80 percent see GDPR as a priority, but only 25 percent have an established plan. Gartner estimates that the majority of all companies affected by GDPR will still not be in compliance at the end of 2018.

Read full article at CSO magazine. This article was also reprinted in IT News and CIO Asia.