Extract from Frank Ready’s article “Organizations Are Prioritizing Privacy—Just Not With Legal Spend”
Corporations may be crossing their collective fingers as the California Consumer Privacy Act’s (CCPA) July 1, 2020, enforcement deadline continues to inch closer. Exterro’s Annual Study of Legal Spend Management was released last week in conjunction with the Blickstein Group and Corporate Counsel Business Journal, and the results indicate that organizations may not be putting their money where their mouths are when it comes to privacy compliance goals.
Responses were collected from 52 corporate legal department employees working across a variety of industries. Among those respondents, 71% indicated that providing defensibility and complying with new privacy laws such as the CCPA would be a top priority for their department in 2020.