The cost of non-compliance has significantly increased over the past few years, and the issue could grow more serious. 90 percent of organizations believe that compliance with the GDPR would be difficult to achieve, according to a new study conducted by the Ponemon Institute.
GDPR is considered by respondents to be the most challenging among other data compliance regulations such as Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act (GLBA) and Federal Information Security Management Act (FISMA).
Non-compliance costs 2.71 times the cost of maintaining or meeting compliance requirements.
Here are some highlights: