The EU is soon rolling out new rules on personal data, and research shows that fewer than 10% of small businesses in Britain are ready for these changes. Approximately 20% of companies don’t even know that the General Data Protection Regulation is on the way in the last few months, according to research by the Federation of Small Businesses. As explained in a recent article at the Financial Times,
“The FSB’s findings tally with European Commission concerns that small businesses across the EU are “surprised” GDPR is about to come into effect. To encourage compliance with the new regime, the FSB is calling on Britain’s information watchdog to introduce a “safe harbour” scheme to allow businesses to voluntarily report themselves if they know they are in breach of the rules.”
