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Optimism may be on the rise over the effects of GDPR, and the UK at large may even be ahead of the pack when it comes to getting prepared but, according to the London Chamber of Commerce and Industry, one in four of the firms based in the capital have never even heard of the new Regulation.
With just 120 days to go until the 25th May deadline, the poll of more than 500 businesses also found that, of those business decision-makers who believe that the GDPR will affect them, just 16% say their business is already prepared for it.
Of the same group, one in five (21%) say their business would like to prepare for the GDPR but that they still need to find out more about it. Worryingly, one in three (34%) of the London business community say that the GDPR is not relevant to their business.
London Chamber of Commerce and Industry claims to be the capital’s largest independent networking and business support organisation. The group’s chief executive, Colin Stanbridge, said: “Businesses that are already vigilant about their data protection responsibilities are unlikely to be unduly burdened by the new legislation.
“However, we would urge businesses to take this opportunity to review their processes to see if they need to make any changes to be compliant.”
The original article was originally posted here: https://www.dataiq.co.uk/news/quarter-london-businesses-have-never-heard-gdpr