The EU’s General Data Protection Regulation, or GDPR, aims to safeguard data-privacy rights by requiring companies to get consent before using personal data and requiring them to store it safely. “You cannot spend enough to protect yourself,” Mr. Ohlmeyer said, declining to provide a figure for the company’s GDPR budget. “We have been taking it very seriously,” Mr. Ohlmeyer said. Recruiter Hays spent between £2 million ($2.7 million) and £3 million to become compliant, said Chief Financial Officer Paul Venables. “We have seen companies ask their business partners and suppliers to demonstrate their GDPR practices,” said Enza Iannopollo, a security and risk analyst at Forrester.

Source: Wall Street Journal May 25, 2018 08:24 UTC