GlobalSCAPE, Inc. and Ponemon Study Finds Data Protection Non-Compliance Expenses Up 45 Percent, Costing an Average $14 Million

SAN ANTONIO--(BUSINESS WIRE)--GlobalSCAPE, Inc. (NYSE American: GSB), a worldwide leader in the secure movement and integration of data, and the Ponemon Institute released the results of a new study analyzing the cost of complying and not complying with industry or government data protection regulations. According to the report, the cost of non-compliance has significantly increased over the past few years, and the issue could grow more serious. A vast majority of organizations (90 percent) believe that compliance with the upcoming General Data Protection Regulation (GDPR) would be difficult to achieve. GDPR is considered by respondents to be the most challenging among other data compliance regulations such as Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act (GLBA) and Federal Information Security Management Act (FISMA).