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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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2022 State of Cybersecurity Report

The Association of Corporate Counsel (ACC) Foundation, in collaboration with Ernst & Young, LLP, has released the “2022 State of Cybersecurity Report, An In-house Perspective”. The data represents 265 companies across 17 industries and 24 countries, providing a comprehensive understanding of how legal departments of different sizes engage in cybersecurity matters.

The report covers a broad range of cybersecurity activities: the legal department’s role, policies and practices, risk management, and breach and incident response and shows that:

  • 84 percent of companies now give the chief legal officer (CLO) a key role in the organisation’s cybersecurity strategy
  • 20 percent more companies now require annual cybersecurity training for all employees compared to 2020
  • 31 percent of legal departments say they are regularly involved in their company’s Third-Party Risk Management (TPRM)
  • 38 percent of legal departments say they are spending more as a result of their approach to cyber, compared to a year ago

Damage to reputation, liability to data subjects, and business continuity are the top 3 areas of concern resulting from a data breach.

The full report is available for purchase on the ACC Website here. A two-page highlights document can be found here.