Some Companies Taking ‘Wait and See’ Approach with EU Privacy Law

Some companies want to see how new European Union data privacy laws are enforced before spending a lot of money on compliance.

The EU’s General Data Protection Regulation is set to go into effect May 25, and recent surveys have shown varying levels of preparedness for companies in Europe and out. The law applies to companies that control or process EU residents’ data, and many businesses are scrambling toward compliance.

About 33 percent of companies required to comply with the GDPR know how they will meet a requirement to notify supervisory authorities within 72 hours of learning about ...