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Just 15% of Irish firms ‘fully compliant’ with GDPR

By July 17, 2024No Comments

Just 15% of businesses here say they are fully compliant with the European Union’s General Data Protection Regulation (GDPR) rules.

A survey by Ipsos B&A, conducted on behalf of Forvis Mazars and McCann Fitzgerald, found that 58% of firms deemed themselves to be ‘materially compliant’, while 25% were ‘somewhat compliant’.

That is despite more companies feeling that they are facing greater risks by not adhering to the rules.

82% of respondents felt the risks of GDPR non-compliance were increasing, compared to 70% in the same survey in 2023.

Nearly 60% were worried about being fined, while many others were concerned about the reputational damage they could suffer from a breach.

As a result, 81% of firms surveyed said they intended to improve their GDPR compliance.

However firms have a number of other regulatory challenges to contend with, beyond GDPR.

The survey found that 60% of firms are concerned about the impact of new digital legislation, including the AI Act, the Digital Services Act, the Network and Information Security Directive 2 and the Cyber Resilience Act.

The report found that many were unsure how these new rules would apply to their business.

Article Source – Just 15% of Irish firms ‘fully compliant’ with GDPR – RTE

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