FTI Consulting recently conducted a survey of more than 500 data privacy leaders of large, U.S.-based companies. The results illustrate the state of data privacy in today’s corporations, giving insight into the programs, perceptions and strategies at play.
Key themes came to light in the responses that provide legal, compliance, IT and privacy teams with ways to benchmark their own initiatives against their peers, including:
- In the coming year, 97% of organizations will increase their spend on data privacy, with an average increase of 50%.
- Potential losses from a data privacy crisis event were calculated at $79 million.
- Nearly 60% of respondents agreed with the statement: “We don't have the resources in our organization to ensure that we are fully compliant with data privacy regulation."
Want to learn more? Register now to download the full report and be notified when part two of the study comes out next month.
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, Inc., its management, its subsidiaries, its affiliates, or its other professionals.