One in 10 C-level execs say GDPR will cost them over $1 million

Companies are taking the new General Data Protection Regulation (GDPR) much more seriously than HIPAA and PCI: 99 percent are actively involved in the process to become GDPR-compliant, despite the cost and internal reorganization involved, a new survey that polled 300 C-level security executives has shown.

About half (49 percent) are 75 percent of the way through the process, and another 37 percent are halfway there. What’s more, 71 percent of the pollees are confident that they’ll be fully compliant by the May 25 deadline. In preparation for GDPR, 57 percent of companies are re-engineering internal systems and procedures, 55 percent are recruiting new people specifically to tackle GDPR compliance, and 48 percent are re-engineering internal security teams.

Read more about the findings of the new survey on Help Net Security.

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