• Menu
  • Skip to main content
  • Skip to primary sidebar

The Cyber Security News

Latest Cyber Security News

Header Right

  • Latest News
  • Vulnerabilities
  • Cloud Services
Cyber Security News

Two-Thirds of IT Leaders Say GDPR Has Reduced Consumer Trust

You are here: Home / General Cyber Security News / Two-Thirds of IT Leaders Say GDPR Has Reduced Consumer Trust
May 23, 2023

Two-thirds (66%) of IT leaders think GDPR has built consumers a lot less trusting of corporations, in accordance to new research by Macro 4.

This is as a consequence of the elevated recognition of the have to have to safeguard their personal knowledge, five a long time following the regulation came into force on May perhaps 25, 2018.

✔ Approved From Our Partners
AOMEI Backupper Lifetime

Protect and backup your data using AOMEI Backupper. AOMEI Backupper takes secure and encrypted backups from your Windows, hard drives or partitions. With AOMEI Backupper you will never be worried about loosing your data anymore.

Get AOMEI Backupper with 72% discount from an authorized distrinutor of AOMEI: SerialCart® (Limited Offer).

➤ Activate Your Coupon Code


Jim Allum, Director, Business and Technological at Macro 4, mentioned the conclusions advise that the hope that GDPR would support firms create have faith in with customers by demonstrating transparency has not been realized so much.

“Our research indicates that the GDPR may possibly really have experienced the opposite result when it will come to have confidence in. Most IT leaders seem to be to come to feel that the regulation have created folks far more suspicious about how their facts is currently being made use of. This is probably since people today are better knowledgeable now about how their details could be compromised or misused,” he commented.

“Media headlines about main data privacy breaches and huge GDPR non-compliance fines leveled at properly-regarded brand names will have strengthened the total lack of have confidence in. All this implies that organizations require to work harder than ever to display that they’re handling knowledge in just the principles.”

Yesterday (May well 22, 2023), Facebook’s operator Meta was fined a record €1.2bn ($1.3bn) for transferring details concerning the EU and US by means of common contractual clauses (SCCs), which was ruled to have contravened GDPR regulations in the Schrems II scenario in 2020.

The Macro 4 survey of 100 IT leaders also highlighted a amount of other attention-grabbing sentiments about GDPR and knowledge safety legislation. Far more than four-fifths (86%) of respondents think the GDPR will will need to be current to keep rate with new AI systems these as ChatGPT, or risk turning out to be irrelevant.

Industry experts have lifted various information privacy considerations about the enhancement of generative AI versions, with ChatGPT coming under the spotlight for its alleged ‘data-scraping’ methods. “Data privacy regulators require to get the direct on placing out procedures and steerage about how AI is utilized,” mentioned Allum.

A identical proportion (85%) reported compliance will be simpler if the UK stayed inside of the info privacy needs in the GDPR, rather than amend the provisions in the variety of its Information Safety and Electronic Data (DPDI) Invoice.

Encouragingly, 72% of IT leaders surveyed stated the shift to hybrid working has forced them to commit extra methods into making sure they continue to be GDPR compliant. This is due to elevated accessibility to personal facts outdoors the place of work.

Nevertheless, nearly one particular in 5 (18%) possibly did not know or didn’t agree that the way their business outlets, processes and employs private information and facts is totally compliant with GDPR.

Also, shut to half (44%) concur that further pink tape from the regulation has hampered electronic transformation, even though 62% said that processing information issue access requests and other GDPR queries takes up major time and resources.


Some elements of this posting are sourced from:
www.infosecurity-magazine.com

Previous Post: «china bans u.s. chip giant micron, citing "serious cybersecurity problems" China Bans U.S. Chip Giant Micron, Citing “Serious Cybersecurity Problems”
Next Post: New WinTapix.sys Malware Engages in Multi-Stage Attack Across Middle East new wintapix.sys malware engages in multi stage attack across middle east»

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Report This Article

Recent Posts

  • Enzo Biochem Hit by Ransomware, 2.5 Million Patients’ Data Compromised
  • US and Korean Agencies Issue Warning on North Korean Cyber-Attacks
  • Malicious PyPI Packages Use Compiled Python Code to Bypass Detection
  • New Botnet Malware ‘Horabot’ Targets Spanish-Speaking Users in Latin America
  • The Importance of Managing Your Data Security Posture
  • Camaro Dragon Strikes with New TinyNote Backdoor for Intelligence Gathering
  • Insurers Predict $33bn Bill for Catastrophic “Cyber Event”
  • Chinese Phishing Gang “PostalFurious” Expands Campaign
  • Kaspersky Says it is Being Targeted By Zero-Click Exploits
  • North Korea’s Kimsuky Group Mimics Key Figures in Targeted Cyber Attacks

Copyright © TheCyberSecurity.News, All Rights Reserved.