Tuesday Buzz: Not Ready for GDPR? Same as Everyone Else
Most organizations are still unprepared for GDPR, even with the deadline drawing close. Find out what is standing in their way. Also: A Chicago municipal agency auctions off a contemporary painting for $21 million.
The General Data Protection Regulation’s compliance deadline of May 25 is only days away now. But a new study reports that most organizations aren’t ready.
ISACA recently conducted a global survey and found that only 29 percent of companies will be GDPR compliant by this Friday. “Not only are most unprepared for the deadline, but only around half of the companies surveyed (52 percent) expect to be compliant by end-of-year 2018, and 31 percent do not know when they will be fully compliant,” ISACA says in a press release.
The ISACA survey reports that the biggest challenges to compliance are data discovery, prioritizing GDPR compliance, and company education.
“Employee awareness and education are critical components of ongoing GDPR compliance,” said Chris K. Dimitriadis, chair of ISACA’s GDPR Working Group. “Awareness of—and commitment to—well-defined security, data management, and privacy policies and procedures clearly need to be an integral part of every organization’s culture, from the top down.”
A municipal agency in Chicago discovered it had a nice problem on its hands: One of its paintings was too valuable to keep on the wall https://t.co/Zc6GdRqBRR— NYT National News (@NYTNational) May 18, 2018
The Chicago Metropolitan Pier and Exposition Authority just received a thrilling windfall.
In 1997, the municipal agency bought a Kerry James Marshall painting called “Past Times” for $25,000. The agency just sold it at a Sotheby’s auction for $21.1 million to a private buyer, according to The New York Times.
Before the authority decided to auction the piece, officials wondered if it was appropriate to keep the painting at the McCormick Place Convention Center, where it hung with minimal protection.
“We’re not a museum,” said Lori Healey, the authority’s chief executive, in an interview. “We’re a convention center. We’re not set up to display a piece of art of this value.”
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