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ARTICLE · 21 FEBRUARY 2018

Beyond The European Union: How The GDPR Affects US Companies

Satisfying these requirements is expected to be a serious challenge for many organizations.

GlobalPrivacy

Executive Summary

The effective date of the European Union's General Data Protection Regulation (GDPR), Reg. (EU) 2016/679, is fast approaching and will affect many organizations across the globe, even those not located in the EU. According to the market research firm Forrester, 80 percent of the firms required to comply with the GDPR will not meet the May 25 deadline. Moreover, of that 80 percent, Forrester estimates that 50 percent have considered the cost and risks of non-compliance and decided it is in their best interest not to comply. The other 50 percent will attempt to comply, but are not expected to succeed. As the deadline nears, firms will have questions about the GDPR and need help with compliance. This alert is intended to inform U.S. companies about the unusually broad scope of the GDPR.

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