The famous countdown clock in Times Square has just ushered in 2018, but there’s another clock that’s ticking – the one that marks the coming of the European Union’s General Data Protection Regulation (GDPR). This new set of stringent rules governing data protection massively impacts organizations around the world.

However, despite a two-year ramp-up time, a recent IDC survey of small and mid-sized European companies found that 22 percent of respondents didn’t even know what GDPR was. Of the companies that were aware of it, one in five had not begun preparing for it. And the Compliance, Governance and Oversight Council reported that only six percent of 132 compliance officer respondents worldwide feel their organizations are currently GDPR compliant.

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