Nina Bryant
Information Governance and Privacy expert, FTI Consulting
1/26/2022
Data privacy has been widely recognised as one of the biggest risks organisations will face in 2022. In FTI Consulting’s most recent Resilience Barometer survey, G20 organisations listed data privacy issues among the top four causes of lost revenue from the last year and 72% said their organisation has experienced an increase in data privacy breaches, violations or a sensitive data leak as a result of remote work environments.
Corporate risks surrounding data privacy, data transparency and data ethics are ramping up for many reasons, and International Data Privacy Day serves as an opportunity to build awareness around those issues. As organisations look to take pragmatic steps to strengthen their data privacy position and better safeguard customer, partner and employee data, there are several key trends to watch and prepare for. These include:
Ultimately, data privacy will continue to be one of the most significant risk issues throughout 2022. This is why more organisations must be proactive in strengthening their approaches to data governance, understanding the use and flow of data across their organisation and communicating transparently on data processing and international transfers as well as other key processes. A holistic and proactive approach to data privacy will be critical to weathering and thriving in the current landscape.
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.
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