GDPR: are companies ready?

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GDPR, the General Data Protection Regulation, will come into force on 25 May. How are European and Italian companies adapting to the new regulation? According to data published by IDC  - a company specialising in market research and consulting services in ICT and digital innovation - the alignment with the Regulation will transform corporate processes for data management, storage and protection, and companies will make significant investments in data security. 

Investments in IT security arising from GDPR will rise by 19.5% until 2021 with a peak in 2019 when, according to IDC’s estimate, companies will break through the 3.7 billion dollar figure. How about Italy? Spending on security will grow by 15.3% reaching the 230 million dollar threshold precisely next year. 

According to Giancarlo Vercellino, a Research and Consulting Manager at IDC Italia, GDPR will be an opportunity “to develop a new corporate culture on information and data privacy management". 

However, cybercrime becomes more and more modern as security increases: as noted by IDC, the first attacks that exploit the Internet of things, robotics and artificial intelligence can already be seen. The new scenarios of cybercrime and of the options to tackle it will be precisely the focus of the IDC Security Conference, scheduled in Milan on 10 May. The spotlight will be on legislation, technologies and new skills within companies to deal with the threats of the new millennium.