Privacy is much more than just a compliance issue as businesses now see it as a fundamental human right and a mission-critical C-suite priority.
- 60% of organizations say they weren’t prepared for privacy and security requirements involved in the shift to remote work
- 93% of organizations turned to their privacy teams to help navigate these challenges
- 87% of consumers expressed concerns about the privacy protections of the tools they needed to use to work, interact and connect remotely
- 90% of organizations now reporting privacy metrics to their C-suites and boards
There is a clear shift in the market towards standardizing privacy as a non-negotiable requirement when digitizing and advancing business objectives.
- More than 140 jurisdictions have now passed omnibus privacy laws, and nearly 80% of respondents found these laws to have a positive impact
Most people are ok with sharing health information for workplace safety and pandemic response, but are uncomfortable with other uses such as research.
- 57% supported employers using data to help make workplaces safe, while less than half supported location tracking, contact tracing, disclosing information about infected individuals, and using individual information for research
Privacy and the larger cybersecurity ecosystem will play a key role in the road to economic growth andCOVID-19 pandemic recovery.
- As economies and communities begin to recover, many important challenges will arise that will test how governments, companies, and individuals collect, manage and protect personal data while balancing individual rights with public interest
Privacy investment continues to be attractive, with 75% of organizations seeing significant business value in terms of mitigating security losses, enhanced agility and innovation, improved operational efficiency, and improved customer loyalty and trust
- Over one-third of organizations are getting benefits at least twice their investment