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Businesses collect more data than they can handle, reveals Gemalto

• 65% of organizations can’t analyze or categorize all the consumer data they store
• 68% of IT professionals believe their organizations are failing to carry out all procedures in line with data protection laws
• Only 54% of companies know where all of their sensitive data is stored

Amsterdam
July 10, 2018

With pressure to ensure consumer data is protected mounting, Gemalto, the world leader in digital security, today released the results of a global study which reveals that two in three companies (65%) are unable to analyze all the data they collect and only half (54%) of companies know where all of their sensitive data is stored. Compounding this uncertainty, more than two thirds of organizations (68%) admit they don't carry out all the procedures in line with data protection laws such as GDPR.

These are just some of the findings of the fifth-annual Data Security Confidence Index, which surveyed 1,050 IT decision makers and 10,500 consumers worldwide. The research found that business' ability to analyze the data they collect varies worldwide with India (55%) and Australia (47%) best at using the data they collect. In fact, despite nine in 10 (89%) global organizations agreeing that analyzing data effectively gives them a competitive edge, only one in five Benelux (20%) and British (19%) companies are able to do so.

For more information please read the full press release here.


 

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