Last month, Exterro released their free annual In-House Benchmarking Report: A survey report with nearly 200 respondents that offers readers a glimpse behind the curtain of other corporate (and small firm) e-discovery and data governance operations. The report explores how e-discovery team growth has expanded—and continues to expand—across organizational business units, and where teams are focusing their growth and spend efforts.
This year’s survey also has a few questions regarding data privacy. In fact, one of the key takeaways from the report is that legal teams are not prepared for the launch of privacy and cybersecurity regulations: 68% are either not concerned or only somewhat concerned about new bills (which are being considered by at least 25 state congresses) like the California Consumer Privacy Act and the lesser-known Nevada privacy law, which went into effect on October 1.
And the low level of concern for these new privacy regulations is just one piece of the pie, as only 15% of organizations have defined processes prepared to help them take on the coming regulatory onslaught. (more…)