Most businesses 'not ready for GDPR'
Less than half of Irish businesses are ready for the new European General Data Protection Regulation which comes into force in May - despite data security being a priority for 80pc of those at boardroom level. The survey of over 350 Irish businesses comes ahead of the Dublin Data Sec 2018 conference, which takes place on April 9 at Dublin's RDS and will address business concerns about the regulation which is designed to harmonise privacy laws across Europe.
The keynote speaker at the event is Data Protection Commissioner Helen Dixon who warned that the new rules apply to all businesses and organisations.
"The obligations in the new EU General Data Protection Regulation (GDPR) apply directly to every organisation in Ireland from May 25, 2018," Dixon said. "This means all public, private and voluntary organisations of every size need to be familiar with the requirements around what information must be given to all individuals when their personal data is being collected, used and stored and with the rights individuals have in relation to controlling how their personal data is treated."
The results of the survey also showed that while Irish businesses and organisations are aware of GDPR and their responsibilities around it, 35pc admitted to not having staff training in place in relation to data security.
The survey found that more than three-in-four respondents perceive cyberattacks to be an ongoing threat to their business operations.
Businesses or organisations could face fines of up to €20m or 4pc of annual global turnover for non-compliance. Other speakers include Michael Bahar, a partner in the Washington DC office of Eversheds Sutherland (US) LLP, and the US leader of the global cybersecurity and privacy practice and a member of the firm's litigation practice.
Dublin Data Sec 2018 is supported by sponsors Microsoft, Irish-managed IT services provider Arkphire, global law firm Eversheds Sutherland and enterprise security solutions provider RedFlare.
The event is an Independent News and Media event, please visit https://events.inm.ie/dublin-data-sec-2018 for further information and tickets.
Sunday Indo Business