The Association of Corporate Counsel (ACC) Foundation is proud to announce the release of the 2020 State of Cybersecurity Report. Representing a comprehensive look at cybersecurity activities from an in-house perspective, the report surveyed 586 law departments, across 36 countries and 20 industries. Among the key findings, the report reveals that in 71 percent of organisations, the chief legal officer (CLO) plays a key role in leading the organisation’s cybersecurity strategy.
The full 88-page report covers a broad range of cybersecurity activities: legal department’s role, policies and practices, risk management, breach and incident experience, and working with the government and law enforcement. Some of the report’s highlights include:
- Forty percent of companies’ report experiencing a data breach, while 21 percent of all organisations surveyed task their CLO to deal with breaches;
- Wide implementation rates of cybersecurity strategies — from password and document retention to employee training — and greater participation of legal in these efforts; The presence of at least one in-house lawyer dedicated exclusively to cybersecurity in 18 percent of companies (up from 12 percent in 2018);
- Thirty-six percent of departments upping their budget for cybersecurity;
- Broad satisfaction (78 percent) with the safety of third-party vendors who handle company data, a 16-point gain on 2018’s figure;
- Of companies required to comply with GDPR, over half (58 percent) were required to hire a data privacy officer (DPO). Thirty-one percent of companies that were not required to do so hired a DPO anyway.