GDPR Compliance Continues to Elude Many Organizations
Even with potential fines that would cost thousands if not millions of dollars, countless companies are still fumbling their way toward compliance with the General Data Protection Regulation about 18 months after it took effect. According to a survey of 103 companies by Talend, 58 percent of respondents were unable to meet data access and portability requests within the one-month time limit established for the GDPR. Also, 7 percent of the companies surveyed do not have any electronic means to make the requests.
On the flip side, there are more companies in compliance with GDPR than in 2018. In September of that year, 70 percent of companies surveyed reported they had failed to provide an individual’s data within one month. A year later, compliance rose to 42 percent, a rate that is still low considering the regulation went into effect 18 months ago.
The lack of automation for processing requests remains a barrier to success, according to the survey. One of the main reasons companies failed to comply was the lack of a consolidated view of data and clear internal ownership over pieces of data. Processing the requests remains a manual operation and often involves the business users. In addition, processing Subject Right Requests can be very costly, with companies spending on average more than $1,400 to answer a single SRR.
ID proof and requesting process still needs improvement, as well. Only 20 percent of the firms surveyed asked for proof of identification. And very few of the surveyed companies use an online and secure way of sharing ID documents.
2W Tech has a Cybersecurity Compliance Program that is designed to support our client’s compliance obligations. Most organizations must abide by and maintain a standard for controls that safeguard the confidentiality and privacy of information stored and processed. We work hand in hand with you to learn more about your compliance regulations, help obtain proper agreements, and access relevant system architecture information. Give us a call today to get started on your journey to achieving compliance.