CISCO CYBERSECURITY SERIES 2019 Data Privacy Benchmark Study
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GDPR-ready companies are benefitting from
their privacy investments beyond compliance
in a number of tangible ways. They had
shorter sales delays due to customer's privacy
concerns (3.4 weeks vs. 5.4 weeks). They were
less likely to have experienced a breach in the
last year (74% vs. 89%), and when a breach
occurred, fewer data records were impacted
(79k vs. 212k records) and system downtime
was shorter (6.4 hours vs. 9.4 hours). As a
result, the overall costs associated with these
breaches were lower; only 37% of GDPR-ready
companies had a loss of over $500,000 last
year vs. 64% of the least GDPR ready.
These results highlight that privacy maturity has
become an important competitive advantage
for many companies. Organizations should
work to maximize the business benefits of their
privacy investments, which may go beyond the
requirements of any particular privacy regulation.
Summary of key findings
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Data Privacy Benchmark Study CISCO CYBERSECURITY SERIES 2019
