Ponemon survey: Companies globally unprepared for EU GDPR breach reporting rules

A new survey by the Ponemon Institute finds companies across the globe, including in China and Japan, are unprepared for the data-breach reporting requirements of the Europe Union's General Data Protection Regulation which went into effect last year, putting many at risk of lawsuits.

“The reporting requirement is one of the most difficult aspects for companies to get right. Over-reporting and under-reporting to regulators are both disadvantageous, and mandatory reporting to data subjects can increase the likelihood of class action...