Most UK Firms Still not prepared for GDPR

Most UK Firms Still not prepared for GDPR

According to research by the Federation of Small Businesses (FSB), most SMEs are not prepared for new data protection regulations.

Only 8% of small firms polled by the FSB said that their GDPR preparations were complete, 35% said preparations are only in the early stages and 33% said they had not yet started.

In light of these findings, the FSB is launching a GDPR awareness-raising campaign called ‘BeDataReady’, in light of the 25th May deadline – aimed at helping 5.7 million small businesses.

The survey revealed 18% of small business owners are unaware of the GDPR and 34% have little understanding of its requirements.

In January 2018, a poll of more than 500 businesses commissioned by London Chamber of Commerce and Industry found that 24% of London businesses are not aware of the regulation.

Hospitality, art and entertainment businesses are the least prepared, with more than half of respondents in these industries saying that they have not yet started preparing for the changes.

In the retail and wholesale sector, 41% have not started preparations, followed by construction at 37%, manufacturing at 28% and scientific professional 27%.

Small businesses in the financial services sector are the most prepared, with 82% of respondents having started or completed their GDPR preparations, but 16% have still not started.

Similarly, in ICT 15% have not yet started, but 76% have started or completed preparations.

National chairman of the FSB, Mike Cherry, said the organisation is in a unique position to reach small businesses. He said: “We’re going to step up efforts to help and support them get data ready, while continuing to make sure the government implements the regulation in the fairest way for small firms.”

Cherry said the GDPR is the biggest shake-up in data protection to date.

He added: “Many small businesses will be concerned the changes will be too much to handle. It’s clear a large part of the small business community is still unaware of the steps they need to take to comply and may be left playing catch-up,”

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