The European Union’s (EU) General Data Protection Regulation (GDPR) is the most sweeping change to data protection in the past 20 years, and will go into effect in less than a year. Its impact will be felt by every organization that does business in the EU, or handles personal information of EU citizens in any manner.
This research report benchmarks the status of 200 U.S. companies’ efforts to meet privacy mandates in general and in particular to meet the May 25, 2018 deadline for the GDPR.
Key Takeaways:
- 61% have not begun implementation of their GDPR compliance programs yet
- 83% expect their GDPR spending to exceed $100,000 dollars
- 95% say need for technology to help manage privacy is growing