7 August 2017 | Herpreet Kaur Grewal
Eighty-four per cent of UK small business owners (SBOs) are unaware of the forthcoming General Data Protection Regulation (GDPR), according to a report by the data destruction company, Shred-it.
The research goes on to state that 43 per cent of senior executives of large companies are unaware of the legislation.
Only 14 per cent of SBOs and 31 per cent of senior executives were able to correctly identify the fine associated with the new regulations, the report found.
More than half of SBOs (55 per cent) and approximately one third (31 per cent) of c-suites say that they do not monitor the frequency at which employees remove confidential information from the office.
41 per cent of SBOs (an 8 per cent increase from 2016) believe that the Government's commitment to information security requires improvement.
The government intends for the new legislation to include "tougher rules on consent, rights to access, rights to move and rights to delete data.
Enforcement will be enhanced, and the information commissioner given the right powers to ensure consumers are appropriately safeguarded".
Neil Percy, vice president of market development & integration at waste disposal company, Stericycle, commented: "Governmental bodies such as the Information Commissioner's Office (ICO) must take a leading role in supporting businesses to get GDPR ready, by helping them to understand the preparation needed and the urgency in acting now. The closer that government, information security experts and UK businesses work together, the better equipped organisations will find themselves in May 2018.
"From ensuring greater transparency around the use of personal information to implementing stricter internal data protection procedures such as staff training and internal processing audits, businesses must be aware of how the legislation will affect their company to ensure they are fully compliant."