Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > Aeriandi study reveals contact centres woefully unprepared for General Data Protection Regulation (GDPR)
    Business

    Aeriandi study reveals contact centres woefully unprepared for General Data Protection Regulation (GDPR)

    Aeriandi study reveals contact centres woefully unprepared for General Data Protection Regulation (GDPR)

    Published by Gbaf News

    Posted on May 4, 2018

    Featured image for article about Business

    Less than one fifth feel prepared, 60% still need to make changes and 5% are not prepared at all 

    A new study by voice security services company, Aeriandi, reveals that many UK contact centres still have significant preparation to complete ahead of 25th May, the ‘go-live’ date for the EU’s General Data Protection Regulation (GDPR).

    The study, carried out at the Call & Contact Centre Expo in London in March 2018, shows surprisingly low levels of awareness of the regulation itself, and that the number of contact centres on course to comply with the new regulations ahead of, or by, the deadline is low.

    Key findings include:

    • Almost one quarter (24%) do not know what GDPR is.
    • Over half (60%) still need to make changes and 5% are not prepared at all. Only 19% of respondents are prepared.
    • 70% are aware how GDPR will impact the contact centre, but are not confident they know how.
    • Less than one third (29%) feel confident they completely understand how GDPR will impact the contact centre.
    • Less than one third (32%) of respondents say they definitely can deliver GDPR subject access requests (SAR).

    Low awareness levels of how GDPR will impact call recording

    Contact centres, particularly those that store call recordings, manage a wealth of personal information.  The new regulation covers any data that can be used to identify a person – either on its own or in tandem with other data.  Any call recordings stored by contact centres will fall under GDPR.

    However:

    • 68% of respondents are not confident they understand how GDPR will impact call recording in the contact centre.
    • 6% do not think it will impact call recording in the contact centre at all.
    • Only around one quarter (26%) are confident they understand how the new regulation will impact call recording in the contact centre.

    Access rights have the potential to delay compliance

    Known as Subject Access Rights (SARS), the new regulation will give individuals the right to make reasonable requests to access their personal data, as well as the right to request any of their personal call data be erased.  This will place more stringent requirements on the storage and back up of customer voice recordings.

    However:

    • More than a quarter of respondents – 28% – stated they are not confident their contact centre can deliver on SARs that meet GDPR requirements.
    • 46% either don’t know, or are not confident their contact centre can deliver on SARs.

    Matthew Bryars, co-founder and CEO at Aeriandi, commented: “Organisations need to identify the areas where they are yet compliant and create a plan of action.  Contact centres will require a technology approach to meet the challenges effectively. The time to act is now.”

    Less than one fifth feel prepared, 60% still need to make changes and 5% are not prepared at all 

    A new study by voice security services company, Aeriandi, reveals that many UK contact centres still have significant preparation to complete ahead of 25th May, the ‘go-live’ date for the EU’s General Data Protection Regulation (GDPR).

    The study, carried out at the Call & Contact Centre Expo in London in March 2018, shows surprisingly low levels of awareness of the regulation itself, and that the number of contact centres on course to comply with the new regulations ahead of, or by, the deadline is low.

    Key findings include:

    • Almost one quarter (24%) do not know what GDPR is.
    • Over half (60%) still need to make changes and 5% are not prepared at all. Only 19% of respondents are prepared.
    • 70% are aware how GDPR will impact the contact centre, but are not confident they know how.
    • Less than one third (29%) feel confident they completely understand how GDPR will impact the contact centre.
    • Less than one third (32%) of respondents say they definitely can deliver GDPR subject access requests (SAR).

    Low awareness levels of how GDPR will impact call recording

    Contact centres, particularly those that store call recordings, manage a wealth of personal information.  The new regulation covers any data that can be used to identify a person – either on its own or in tandem with other data.  Any call recordings stored by contact centres will fall under GDPR.

    However:

    • 68% of respondents are not confident they understand how GDPR will impact call recording in the contact centre.
    • 6% do not think it will impact call recording in the contact centre at all.
    • Only around one quarter (26%) are confident they understand how the new regulation will impact call recording in the contact centre.

    Access rights have the potential to delay compliance

    Known as Subject Access Rights (SARS), the new regulation will give individuals the right to make reasonable requests to access their personal data, as well as the right to request any of their personal call data be erased.  This will place more stringent requirements on the storage and back up of customer voice recordings.

    However:

    • More than a quarter of respondents – 28% – stated they are not confident their contact centre can deliver on SARs that meet GDPR requirements.
    • 46% either don’t know, or are not confident their contact centre can deliver on SARs.

    Matthew Bryars, co-founder and CEO at Aeriandi, commented: “Organisations need to identify the areas where they are yet compliant and create a plan of action.  Contact centres will require a technology approach to meet the challenges effectively. The time to act is now.”

    Related Posts
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostUK Consumers to Target Businesses with Onslaught of Data Privacy Requests Following Deadline for GDPR Compliance
    Next Business PostIndie Operators Own 93% of the US Flexible Workspace Market

    More from Business

    Explore more articles in the Business category

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    View All Business Posts