trade in services is enabled by data flows , meaning that data protection is critical to international trade .”
However , according to research conducted in July 2017 , it seems that many UK businesses have failed to be polarised into action by the Government ’ s ruling .
The study , conducted by one of the UK ’ s first fully compliant GDPR job boards , CareersinCyberSecurity . co . uk , together with London law firm Hamlins LLP , produced the following statistics on the readiness of UK companies for the impending change .
• 73 % have not allocated any budget for compliance
• 53 % are yet to appoint a data protection officer
• 15 % believe that Brexit means exemption from the GDPR
• 12 % claim that they do not have the existing funds for compliance
• 11 % do not consider there to be any risk to their business
19