A survey conducted by Vanson Bourne and commissioned by Veritas found more than half of the businesses in the Asia-Pacific region are among the least prepared for the General Data Protection Regulation. Of the respondents, 56 percent of businesses in Singapore expressed concerns they will not be ready for the May 2018 GDPR implementation date, while both Japan and South Korea had 60 percent of the businesses express similar sentiments, placing them both last for GDPR-readiness. Worldwide, 86 percent of businesses believe failing to comply with the GDPR will have a major negative impact on their business, but only 47 percent said they were unsure if they were ready for the May 2018 date. In another study, Aon and Ponemon found despite businesses believing their cyber assets are more valuable than their property assets, companies are spending four times more on the physical risks than on cyber risks.
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