Technology for GDPR Compliance Will Cost Top U.S. Firms $1 Million

A new survey conducted by Paul Hastings LLP provides a serious reminder that the cost associated with EU General Data Protection Regulation (GDPR) compliance is staggering, and that to be ready to comply when the regulation goes into effect on May 25, 2018, U.S. companies must act now. U.S. firms in the Fortune 500 will spend an average of $1 million on GDPR compliance technology alone. Currently, only 9 percent of U.S. companies surveyed have purchased new technology and just 34 percent have allocated the appropriate budget to hire the additional staff necessary to meet regulatory demands. The consequences of GDPR violation are immense, with fines of up to $22.4…

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Sequel Announces PrivacyMinder™ Platform

I am pleased to announce the launch of PrivacyMinder™, a new tool Sequel Technology & IP Law is offering to help you comply with data protection laws. PrivacyMinder brings together our deep experience in client counseling with the benefits of easy-to-use technology, a suite of educational videos, and a robust template database. PrivacyMinder is specially designed to meet the needs of companies that do not have the benefit of a compliance staff or legal counsel skilled in this area. PrivacyMinder was originally designed to assist companies in meeting the requirements of new laws like the EU’s General Data Protection Regulation. But it does more: PrivacyMinder helps you understand…

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The Genesis for Achieved Compliance & PrivacyMinder™

I admit that, for many years I’d been skeptical about privacy and data protection regulation as too prescriptive and intrusive – as making too many demands on those who don’t have the benefit of extensive compliance staffs and well-funded resources. But after working with clients – companies like yours – I now am convinced that data protection and responsible data management are critical not only to legal compliance, but to business success. I believe that companies that take the steps necessary to meet the requirements of regulations like the General Data Protection Regulation (GDPR), the expectations of the U.S. Federal Trade Commission, or agreements like the Privacy Shield…

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