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New Survey Reveals Most Financial Firms Are Not Prepared For GDPR

With only 30 days until implementation, more than 50% of investment firms globally are unlikely to be ready for the European Union’s new General Data Protection Regulation (GDPR) on 25 May 2018. This is according to a global industry survey of over 250 financial firms carried out by Cordium, a leading provider of governance, risk and compliance services, along with AmberGate, a data protection and security compliance specialist. Designed to benchmark investment management firms’ readiness for GDPR, the survey revealed a lack of preparedness in advance of the regulation’s implementation date. With time running out, only 2% of surveyed firms had...