A new survey reveals that over 57% of companies surveyed do not think the introduction of GDPR has made any difference to their day to day operations.
The survey, commissioned by cloud company MicroWarehouse, examined how GDPR affected Irish companies one month on from compliance deadline of May 25.
Regarding the measures that companies undertook to become GDPR compliant, the research shows that SMEs did not enact any rigorous preparation model, but 20% of larger companies went so far as employing someone to ensure they became GDPR compliant.
According to the respondents, amendments to data breach procedures was the most common action taken to ensure compliance following GDPR (32%).
In terms of cost, the research indicated that nine out of ten SMEs spent up to €5,000 to ensure compliance, while 43% of the larger companies spent up to €20,000 in preparation for the deadline.
When questioned about cyber security fears and the level of priority placed on security and hacking, only 13% of the companies surveyed stated that cyber security was one of the main priorities for their company.
A "shocking" 35% stated the issue was never discussed at management level, the MicroWarehouse survey also stated.
The survey also showed that a resounding 67% of companies believed the country was on par with our European counterparts on GDPR compliance, but only 6% said that we were leading the way.
Aidan Finn, Technical Sales Lead at MicroWarehouse, said the research indicated that little or no difference has been recorded to the day to day operations of companies surveyed.
"It also highlights the costs associated with becoming GDPR compliant, which is particularly onerous on SMEs who are subject to the same regulations as larger companies," he noted.
The survey was carried out through face to face interviews with 100 chief information officers and IT Leads in companies across Dublin.