With GDPR now in force, SMEs seem a little off the pace. The Federation of Small Business (FSB) launched a BeDataReady awareness campaign aimed at 5.7m small businesses following their survey in February which revealed that only 8% of those surveyed had completed their preparations for GDPR, with 35% only in the early stages and 33% had not even started.
This resonates with another poll in January by the London Chamber of Commerce who found that 24% of London Businesses were not aware of the new regulation. Apparently, according to another survey by CRM systems integrator SeeLogic, 53% consider reputational damage as their biggest concern rather than the fear of a heavy financial penalty.