In Data
Not Ready for GDPR? You’re Not Alone
GDPR is almost upon us, but many businesses across the EU won’t be ready in time, according to research by Spiceworks
Among organisations impacted by GDPR, a significant minority will not be ready by the 25th May deadline, according to a survey of over 600 IT professionals by Spiceworks. UK businesses are the most prepared, with 61% ready in time, but among affected US and EU businesses are lower, at 25% and 46% respectively. Incredibly, a significant minority will not be ready for over a year – 10% in the US, 4% in the UK and 5% in the EU.
Status of Business Preparations for GDPR
For most UK and EU businesses that won’t hit the deadline, the reason is simply a lack of time or resources, suggesting companies are either unwilling or unable to prioritise the legislation. However, many businesses also report GDPR not being a priority, a concerning attitude given the harsh penalties for non-compliance.
Top Reasons Organisations Won’t Be GDPR Compliant by the Deadline
PR nightmares: Ten of the worst corporate data breaches
LinkedIn, 2012
Hackers sold name and password info for more than 117 million accounts
Target, 2013
The personal and financial information of 110 million customers was exposed
JP Morgan, 2014
One JP Morgan Chase’s servers was compromised, resulting in fraud schemes yielding up to $100m
Home Depot, 2014
Hackers stole email and credit card data from more than 50 million customers
Sony, 2014
Emails and sensitive documents were leaked, thought to be by North Korea im retaliation for Sony’s production of a film mocking the country’s leader Kim Jong Un
Hilton Hotels, 2015
Dozens of Hilton and Starwood hotels had their payment systems compromised and hackers managed to steal customer credit card data
TalkTalk, 2015
The personal data of 156,959 customers, including names, addresses, dates of birth and phone numbers, were stolen
Tesco, 2016
Hackers made off with around $3.2m from more than 9,000 Tesco Bank accounts
Swift, 2016
Weaknesses in the Swift payment system resulted in $81m being stolen from the Bangladesh Central Bank’s account at the New York Federal Reserve
Chipotle, 2017
Phishing was used to steal the credit card information of millions of Chipotle customers, thought to be part of a wider restaurant customer scam orchestrated by an Eastern European criminal gang
LinkedIn, 2012
Hackers sold name and password info for more than 117 million accounts
Target, 2013
The personal and financial information of 110 million customers was exposed
JP Morgan, 2014
One JP Morgan Chase’s servers was compromised, resulting in fraud schemes yielding up to $100m
Home Depot, 2014
Hackers stole email and credit card data from more than 50 million customers
Sony, 2014
Emails and sensitive documents were leaked, thought to be by North Korea im retaliation for Sony’s production of a film mocking the country’s leader Kim Jong Un
Hilton Hotels, 2015
Dozens of Hilton and Starwood hotels had their payment systems compromised and hackers managed to steal customer credit card data
TalkTalk, 2015
The personal data of 156,959 customers, including names, addresses, dates of birth and phone numbers, were stolen
Tesco, 2016
Hackers made off with around $3.2m from more than 9,000 Tesco Bank accounts
Swift, 2016
Weaknesses in the Swift payment system resulted in $81m being stolen from the Bangladesh Central Bank’s account at the New York Federal Reserve
Chipotle, 2017
Phishing was used to steal the credit card information of millions of Chipotle customers, thought to be part of a wider restaurant customer scam orchestrated by an Eastern European criminal gang
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