Introduction Many organizations invest significant time and resources to comply with industry and government regulations. One that is on almost everyone’s minds these days is the EU’s General Data Protection Regulation (GDPR). It’s a sweeping regulation that requires fundamental changes in the way businesses handle personal data of people covered by GDPR, and it imposes stiff penalties for noncompliance. In terms of business impact, regulations can be viewed as both a carrot and a stick. The carrot is the positive business results that a smart, systematic approach to compliance can drive. The stick is the penalties for noncompliance, including heavy fines. In the case of GDPR, those fines amount to up to 4% of annual global revenue, or €20 million, whichever is higher. GDPR is just the lat

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