Approximately a third of firms require substantial changes to their data security practices.
Only 1 in 50 firms have finished their preparations.
Outsourcing regulatory responsibility is not an option.
Fewer than one in ten are prepared for the EU regulation's May deadline.
The short code provides a secure data repository for personal information.
EU reg contains a tough set of data privacy and security requirements.
Looming data-privacy regulation raises bar on remote storage.
