According to a new survey from cloud solution provider Calligo, 69 per cent of board-level executives are neglecting to ensure the UK businesses they run will comply with the General Data Protection Regulation (GDPR).
The figures were in a survey of 500 IT decision-makers in companies with more than 100 employees and in excess of £15 million turnover, examining how businesses are preparing for the new regulation.
Only 31 per cent of respondents said they had governance sponsorship for GDPR at board level, while just nine per cent said their compliance departments were giving them full support.
This lack of interest at the top level comes despite 62 per cent of respondents agreeing that the new regulation would affect the profitability of their business, including 19 per cent who said the impact would be negative.
“It is worrying to see signs that GDPR governance does not have the full attention of so many C-level executives,” said Julian Box, CEO, at Calligo. “Too many of those at the top think it is all about security, when that is only a part of it.
“The deadline for compliance is May 25 next year and any company that subsequently fails to handle data in the correct manner risks the severe penalties stipulated in the regulation. The top people in every organisation need to get to grips with this challenge, ensuring that their data is being stored and handled in full compliance.”
The survey found that only 43 per cent of companies have appointed and resourced a Data Protection Officer, despite this being a requirement of the GDPR formedium-sized and larger businesses. In IT and telecoms, the figure is just 37 per cent.