54% of organizations have not advanced their GDPR compliance readiness

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More than half of organizations have failed to begin any work on meeting minimum General Data Protection Regulation (GDPR) compliance, according to a study conducted by Vanson Bourne.

Intended to harmonize data security, retention and governance legislation across European Union (EU) member states, GDPR requires greater oversight of where and how sensitive data—including personal, credit card, banking and health information—is stored and transferred, and how access to it is policed and audited by organizations.

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