To reduce the probability that they’ll be fined for violating new privacy laws, companies are taking basic steps to protect themselves.
In an August 2018 survey of 145 US corporate directors of public company boards conducted by BDO USA, nearly eight in 10 respondents have conducted a gap assessment and updated their privacy notices to comply with the General Data Protection Regulation (GDPR). About one-third of those polled have increased their data privacy budgets and appointed a data protection officer.