Connect with us

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. .

Business

UK businesses are still not fully GDPR compliant
UK businesses are still not fully GDPR compliant

Published : , on

  • 37% of businesses admit they are still not GDPR compliant
  • Top five ways businesses are not following GDPR revealed
  • 35% still send marketing emails without consent

Despite GDPR now being in full effect, new research has revealed how many businesses are still not fully GDPR compliant.

A survey of 1,021 UK workers carried out by leading digital marketing agency, MarketingSignals.com, revealed that more than 1 in 3 businesses (37%) confess they are still not following the General Data Protection Regulation (GDPR).

When quizzed on the ways businesses are not following this regulation, 35% said they are still sending marketing emails without the expressed consent.

31% revealed they still have the data of those who haven’t agreed to opt in to having their data stored.

More than 1 in 5 (27%) revealed that they haven’t secured the data in case of a ransomware attack.

This was followed by a further 22% who say they have a longer process for those choosing to opt out from receiving information.

Hidden privacy-friendly choices (14%) rounded off the list of the top five ways businesses are still not GDPR compliant.

Gareth Hoyle, managing director at MarketingSignals.com comments: “The research shows there are many ways that businesses are admitting to not following the newly enforced GDPR regulations. GDPR is the most fundamental change to ever happen to data privacy, so it is imperative that businesses follow this and complete the process as soon as possible.

“Businesses need to understand that acting responsibly and ethically with customer data is crucial to protect and enhance brand reputation and ensure customer trust. Not only this, but it will enhance the quality of data collected which is a good thing for UK businesses.”

Surprisingly, 17% admitted they are still unsure as to what the benefits of being GDPR compliant are.

According to the survey, those working in technology were revealed as the worst culprits when it comes to GDPR compliance with 42%, followed by those within the retail sector (26%).

For more information on Marketing Signals visit www.marketingsignals.com

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

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!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post