Denmark’s data protection authority, Datatilsynet, published a blog post reflecting on a study conducted by France’s data protection authority, the Commission nationale de l’informatique et des libertés, that explored the strategic benefits of the EU General Data Protection Regulation. The study found businesses of all sizes generally experienced cost increases adapting to new rules associated with the GDPR entering into force. The major expenses today primarily consist of ongoing operating costs, such as a data protection officer’s salary, cybersecurity tools and handling data subjects’ rights. However, the study also showed that companies that view GDPR compliance as an investment opportunity, enjoy the largest benefits in terms of public trust and improved cybersecurity risk management.
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