Majority of UK small business owners unaware of GDPR – Business Info Magazine Press "Enter" to skip to content

Majority of UK small business owners unaware of GDPR

The General Data Protection Regulation (GDPR) comes into force next May, and yet 84% of UK small business owners and 43% of senior executives of large companies are unaware of the forthcoming legislation, Shred-it’s seventh annual Security Tracker research reveals.

The research found that only 14% of small business owners and 31% of senior executives are able to correctly identify the fine associated with the new regulation – up to €20 million or 4% of global turnover. This is despite a large proportion of senior executives (95%) and small business owners (87%) claiming to have at least some understanding of their industry’s legal requirements. Of those respondents who claim to be aware of the legislation change, only 40% of senior executives have already begun to take action in preparation for the GDPR, in spite of 60% agreeing that the change in legislation would put pressure on their organisation to change its policies related to information security.

www.shredit.co.uk

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2018