Frequency, size of fines for failing to secure data will grow by 2025, report

A little over two years since GDPR took effect and a few days after California began to enforce the CCPA, a study found more than one-third – 37 percent – of U.K. cybersecurity professionals expect the number and monetary amount of fines their employers face for not adequately safeguarding data will increase by 2025 even though more than three-fourths (76 percent) believe their companies’ processes for storing data safely are “good” or “excellent.”

Among the 1,000 queried British IT workers in late April, six percent anticipate a dramatic rise in penalties and only three percent of the respondents foresaw their companies paying less in penalties and not be in hot water with regulators, according to a new study from DSA Connect.

Five percent admitted their data disposal processes are “poor,” and a fifth of them said they didn’t know whether the information is being handled safely.

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