Mar/Apr 19 - ChannelVision Magazine

international Agents GDPR’s requirements. Another 29 percent said they expect to get there within a year. Nine percent claimed it would take more than a year to get ready for GDPR. According to Cisco, organiza- tions that are prepared for GDPR are benefitting from privacy investments beyond merely being compliant. For example, companies that are ready for GDPR are experiencing shorter delays in their sales cycles. GDPR- ready organizations, Cisco says, have also experienced fewer data breaches. Further, where breaches have occurred, fewer records have been impacted. These companies have experienced reduced system downtime and have fared better fi- nancially following breaches. “We are already beginning to see the positive effects of the new rules,” the EU echoed in a January state- ment. “Citizens have become more conscious of the importance of data protection and of their rights. And they are now exercising these rights, as national Data Protection Authori- ties see in their daily work. They have by now received more than 95,000 complaints from citizens.” Multinational law firm DLA Piper, meanwhile, reports that there were more than 59,000 disclosed data breaches between May 25, 2018 and January 28, 2019. The Netherlands, Germany and the U.K. were together responsible for about two-thirds of data breach disclosures, with 15,400, 12,600 and 10,600 respective disclosures during that time period. Source: European Union; from all data protection authorities in Europe Enterprise GDPR Readines Source: Cisco What do you consider the key starting points of your digital transformation, whether it has started yet or not? Source: Accenture 9% 3% 59% 29% Currently meeting most/ all of the GDPR requirements Not yet meeting most/all GDPR requirements, but we expect to within a year Shifting from a legacy approach to emerging digital tech ologie . Positioning ourselves for the next generation of partners and customers. Achieving executive buy-in on our digital initiatives. Becoming acknowledged by our customers as a digital brand. We have not consid red what would be a key starting point for digital transformation. Other Not yet meeting most/all GDPR requirements, and it will take more than a year Not applicable - GDPR doesn’t really apply to us 59% 47% 34% 22% 6% 1% Source: Curre Source: Drones (a Internet of analyctic GDPR Readiness by Country (Percent of Respondents) Argentina 69% Australia 50% Brazil 53% Canada 60% China 42% France 62% Germany 58% India 65% Italy 72% Japan 45% Mexico 73% Russia 46% Saudi Arabia 55% Spain 76% Turkey 47% United Kingdom 69% USA 57% Source: Cisco 85 March - April, 2019 | Channel Vision