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Report highlights the damaging impact of data breaches with share prices dropping an average of 5 per cent, customer churn increasing as much as 7 per cent and brand reputation severely tarnished.
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Europe lags behind the U.S. in outlining detailed plans for GDPR compliance; UK firms are least prepared.
Read MoreEighty-four per cent of UK small business owners and 43% of senior executives of large companies are unaware of the forthcoming General Data Protection Regulation, according to Shred-it's seventh annual Security Tracker research, conducted by Ipsos.
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By Duncan Hughes, Systems Engineering Director, EMEA, A10 Networks.
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Majority of respondents now view identity management as path forward.
Read MoreCA Technologies has introduced new data protection enhancements to CA Data Content Discovery and CA Compliance Event Manager that simplify security management across the enterprise and enable robust, end-to-end protection for data-in-motion from mobile to mainframe.
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NIFTY Corporation is one of the leading Telecoms and Internet Service Providers in Japan, supplying high-speed broadband connectivity to more than 1.39 million broadband users. Providing robust security for the many subscribers to its online services is very important because repeated security breaches or loss of service may result in customers suffering damage or losses - and ultimately leaving NIFTY and moving to competitors' services.
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