Data management could scupper GDPR plans - Claranet

Regulation begins in May

Tom Ellis
clock • 1 min read

Securing and managing data are the biggest problems financial services firms have been encountering in their GDPR preparations, according to managed IT services provider Claranet.

The firm surveyed 750 IT decision-makers for its report and two-thirds (69%) of respondents said they were not able to secure customer data effectively ahead of the General Data Protection Regulation's (GDPR) 25 May deadline, while almost half (45%) reported encountering challenges in securing customer details while trying to improve the digital user experience. GDPR only 'on the radar' for more than half of advisers - PA poll Alongside these reported struggles, more than half (57%) cited security as one of the biggest challenges facing their IT department, while almost two-thirds (63...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Preparation is key: Lessons from Curve’s experience

Professional Adviser
clock 17 February 2025 • 4 min read
Hampshire IFA charged by FCA over £2.3m fraud

Hampshire IFA charged by FCA over £2.3m fraud

Lisa Campbell charged with multiple criminal offences

Isabel Baxter
clock 13 February 2025 • 1 min read
FCA's targeted support risks infringing on advice - PIMFA

FCA's targeted support risks infringing on advice - PIMFA

Targeted support must not step on financial advice’s toes, trade body warns

Jenna Brown
clock 13 February 2025 • 5 min read