Firms worldwide say GDPR could harm their business

With implementation of the EU's General Data protection Regulation less than a year away, a new study reveals that many firms are worried about the effect it could have on their bottom line. The survey from information management company Veritas shows 38 percent of companies think they could lose customers or go out of business as a result of non-compliance. UK firms are expected to spend $1.4 million on GDPR compliance by 2018, but only 37 percent are ready now. These concerns aren't confined to the UK, the survey talked to 900 decision makers in eight countries, and finds that… [Continue Reading]