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Companies lagging in GDPR compliance, survey finds

A government rule that threatens forfeiture of 4 percent of a company’s annual worldwide revenues would seem a sure bet to grab every business leader’s attention.

But a new survey finds that many companies in the U.S. and abroad have greeted last year’s implementation of the European Union’s landmark cybersecurity regulation with a resounding lack of urgency.

The EU’s much-heralded General Data Protection Regulation went into effect May 25, 2018. Yet a year later, an average of one out of four companies in every country reported having a low degree of confidence in their readiness to respond to a data breach covered by GDPR. That’s according to a survey of more than 1,200 organizations in the U.S., Europe, China and Japan.

Read more at New England In-House.