GDPR, privacy shield will impact businesses, survey finds.

• Position: PRIVACY - General Data Protection Regulation - Brief article

According to the "2016 EU GDPR and EU-U.S. Privacy Shield Survey" by Baker & McKenzie, 84% of privacy professionals who responded said they expect the new General Data Protection Regulation (GDPR) recently adopted by the EU to impact their organizations.

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Of the 100 respondents surveyed, between 60% and 70% said their organizations will need to spend at least some or significantly more of their budget in an effort to comply with the GDPR. The requirements that will call for additional attention include consent, data mapping, and cross-border data transfer, according to the survey.

Lawyers say preparing for the GDPR and Privacy Shield regulations calls for creating readiness plans and data maps, and the majority of organizations do not believe they have the tools and solutions...