79% of organizations want a federal privacy law amid lack of compliance
New research by Integris Software shows that the vast majority of US companies (79%) are in favor of a federal privacy law. However, the current compliance efforts of firms are falling short, since only 23% of organizations are fully compliant with the California Consumer Privacy Act (CCPA) and just 36% comply with the European Union’s General Data Protection Regulation (GDPR).
The study also shows that businesses have poor visibility into their sensitive data. 45% of firms would need to check a minimum of 50 data sources to get a decent idea of where they keep sensitive information. The same percentage of companies only take an inventory of the sensitive data they store once every year or even less, unless this is required by an audit.