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With three quarters of Irish businesses not ready for the imminent introduction of the European General Data Protection Regulation (GDPR), now is the time to future proof your business.

The new rules, due to take effect on May 25 of this year, come with potential fines of up to €20m, or 4pc of turnover, whichever is the largest amount, for serious infringements.

The results of a recent survey showed that Irish businesses show “serious levels of difficulty for Irish businesses in complying” with the new regulation. Some 95pc of businesses say that meeting the compliance requirements of the GDPR will be “challenging or extremely challenging”, an increase on sentiment last year.