U.S. and UK businesses transferring data impacted privacy law 2023

A survey conducted in April and May 2023 revealed that around 35 percent of organizations in the United States and 40 percent of organizations in the United Kingdom pay higher costs for international data transfers due to data privacy regulations, but they also find it manageable. Furthermore, approximately 35 percent of respondents from both countries think the regulations encourage businesses by guaranteeing that the data will be safeguarded in other countries.

Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023

Characteristic	U.S.	UK
Regulations add extra costs but are managable	35%	40%
Regulations encourage international business by providing assurance that data will be treated properly in their countries	33%	34%
No impact	15%	16%
Regulations are major impediment to cross-border business	17%	10%

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Release date

July 2023

More information

Region

United Kingdom, United States

Survey time period

April to May 2023

Number of respondents

205 respondents

Special properties

representatives of companies; organizations may have headquarters in several countries worldwide

Supplementary notes

The original question was phrased by the source as follows: "Which of the following best describes the impact that you feel privacy regulations have on your organization’s ability to transfer data internationally and to conduct business across borders?"

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