Tuesday, January 29, 2019

The reality of GDPR compliance





  • Just over one-third, or 34.5%, of surveyed professionals working to ensure their organizations are fully compliant with the European Union's new General Data Protection Regulation (GDPR) rules report achieving compliance, according to a new study by Deloitte. By the end of 2018, 32.7% hope to be compliant and 11.7% are taking a "wait and see" approach. 
  • Among respondents, 13.6% expressed confidence that their organizations know what data third parties have and are using artificial intelligence or other technology to manage contracts for GDPR compliance. More than half, or 56%, haven't finished uncovering what data third parties have or the implications of GDPR on third-party contract management, while 10.2% haven't started addressing compliance. 
  • Under GDPR, 30.6% expect discovery to be more difficult for their organizations, 18.6% expect legal discovery to become easier and 17.2% expect no change. When it comes to scalability, 48.2% said their data privacy programs were scalable to address similar rules in other areas, while 19.8% say their efforts are GDPR-focused and not scalable. 

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