Almost two-thirds (65%) of small businesses have yet to take any steps to ensure their customer data is General Data Protection Regulation compliant, new research has shown.
With just nine months before the regulation is passed, 60% of small businesses surveyed by Voodoo SMS said they were not aware of the date GDPR comes into force, and 70% did not know what to do to make sure they are compliant.
Under the regulations, there could be a 57-fold increase in regulatory fines for SME compared with 2015, rising to £52bn – an average of £13,000 per SME.
Gareth Davies, managing director at Voodoo SMS, said: “Our concern is especially for small businesses without the expertise, resources and awareness. They could very well be caught out and face huge fines.
“We would encourage SMEs to really take this seriously; to do their research and to use the next nine months thoroughly readying themselves for the changes to come.”