A survey conducted by Paul Hastings LLP examined how much money companies are spending to comply with the EU General Data Protection Regulation, MediaPost reports. Firms listed on the Financial Times Stock Exchange expect to spend 430,000 GBP on technology, while Fortune 500 companies are likely to spend $1 million. However, only 10 percent of firms in the U.K. and 9 percent of firms in the U.S. have purchased technology to help comply with the GDPR. Of the respondents, 40 percent of the FTSE firms have put away 201,000 to 400,000 GBP for permanent staffing, while U.S. companies will spend $501,000 to $1 million on staffing ahead of the GDPR implementation date.
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