Survey: Only 35% of Companies Can Show GDPR Compliance
A new Deloitte poll of nearly 500 professionals found that only 34.5 percent of the respondents thought their organization could defensibly demonstrate compliance with the European Union (EU) General Data Protection Regulation (GDPR). Around 1/3 of the respondents hope to be compliant by the end of 2018.
That still leaves a significant percentage of companies that are going to test the data protection authorities or simply don’t have the internal budget or resources in order to achieve compliance. Around 12 percent of the respondents said that they were taking a wait and see approach to full compliance.
Two of the bigger issues identified by the survey responses were third-party data sharing and the scalability of the privacy solution. Clarip can provide organizations with assistance resolving both of these concerns.
Third-Party Data Sharing
Third-party vendors remain a distinct problem area for businesses impacted by the regulation. A majority of organizations (56 percent) haven’t identified what data third parties are given by their organization. A small but significant percentage (just over 10 percent) have yet to address third-party compliance at all. According to the survey, only 13.6 percent of respondents can say confidently that they know what data their company is giving to third parties and they are leveraging technology such as artificial intelligence to help them analyze and manage third party contracts for GDPR compliance.
The Clarip Data Risk Intelligence scanner helps businesses identify the third-parties that an organization is sharing data with from its website and/or mobile apps so that the contract can be reviewed and an appropriate data sharing agreement can be put in place.
Scalability is another issue that the survey identified as facing businesses in privacy compliance. Just under half of the respondents said their organizations were building a scalable privacy program that can be used to address new rules in other jurisdictions. About one-fifth of respondents were focused solely on GDPR and not dealing with scaling issues.
With the California Consumer Privacy Act right around the corner, the scalability of privacy programs is going to be quickly put to the test. Many people have discussed whether the right solution is to simply comply with the toughest regulations for simplicity, or if organizations are going to need to provide different rights and notices to people based on the geographic location of the person. Either way, businesses are going to need to have a plan to comply with both GDPR and the CaCPA soon, so the fact that only half are preparing for scalability is a concern.
Clarip has built its enterprise privacy management software with geolocation detection to enable it to scale with an organization as its privacy needs changes. This enables Clarip to determine the right consent forms and other privacy information to display to individuals located in jurisdictions where privacy is regulated. The platform is built in modules so that organizations can choose what they need now and wait to implement other features down the road. In other words, the right platform for scaling a privacy program!
Improve Data Privacy for GDPR or CCPA with Clarip
The Clarip team and privacy management software are ready to meet your compliance automation challenges. Click here to contact us (return messages within 24 hours) or call 1-888-252-5653 to schedule a demo or speak to a member of the Clarip team.
If compliance with the California Consumer Privacy Act is your focus until 2020, ask us about our CCPA software. Handle automation of data subject access requests with our DSAR Portal, or provide the right to opt out of the sale of personal information with the consent software.
Need to improve your GDPR compliance solution? Clarip offers modular GDPR software that can fill in gaps in your privacy program. Choose from the data mapping software for an automated solution to understanding your data collection and sharing, conduct privacy risk assessments with DPIA software, or choose the cookie consent manager for ePrivacy.
Click here to contact us (return messages within 24 hours) or call 1-888-252-5653 to schedule a demo and speak to a member of the Clarip team.
Other Blog Posts with Survey Data:
Survey: Half of UK Small Business Owners Confused by GDPR
IAPP Survey on Data Mapping, DPIAs, ROPAs & DSARs after GDPR
KPMG Survey: Consumers Expect Businesses Will Protect Their Data Privacy
Poll: Data Privacy Top Issue for Companies
Harris Poll Finds Less than Half Trust Big Tech with Personal Data
Survey: 88% of Irish Businesses Optimistic About GDPR Compliance
Forrester Study: Customer Privacy is a Competitive Differentiator for 75% of Businesses
Privacy Survey Details Jump in Data Mapping, Privacy Audits
Survey: Data Privacy Top Concern for Potential Customers and Business Partners
Survey: Majority of Fintech Users Want Control Over Third Party Access to Financial Data
Survey: Majority of UK Consumers will Exercise Data Subject Access Rights in Next Year