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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.

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