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Business trends

Japanese blue chips not prepared for EU data security rules

Nikkei survey shows 80% of companies not yet GDPR-compliant

Facebook CEO Mark Zuckerberg fields questions at the European Parliament about a data breach, which the GDPR seeks to prevent.   © Reuters

TOKYO -- Nearly 80% of the major Japanese corporations surveyed by Nikkei say they are not yet completely compliant with the tougher data protection rules the European Union will put into force on Friday.

The General Data Protection Regulation mandates rigorous data warehousing protocols for companies that possess or transfer personal information on European citizens and employees. This applies to all businesses that offer products and services within the EU, regardless of whether they maintain incorporated units inside the region.

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