KPMG in Bermuda conducted a Privacy readiness survey to access the markets awareness and readiness for the privacy regulation. The survey covered both international and local businesses ranging across industries including insurance, financial services, banking and others. 100% of respondents believe privacy regulation is good for Bermuda as a community; 75% do not have a PIPA readiness plan; and 35% are unsure how much they will need to spend on a privacy program. The Privacy Commissioner said, This privacy readiness survey provides welcome insight into our communitys perceptions of the importance of data privacy and how to make it a reality.
Source: https://bernews.com/2021/07/kpmg-conducts-privacy-readiness-survey/