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.
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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.
