THE RISE OF

PRIVACY COMPLIANCE
CHIEF LEGAL OFFICER PERSPECTIVES AT A GLANCE
With what seems like daily changes to domestic and international law and
regulations, data privacy has grown in importance to organizations and their chief
legal officers (CLOs). The ACC 2022 Chief Legal Officers Survey, which polled 861
CLOs representing 20 industries and 38 countries, proves that privacy matters to
legal departments more than ever.

PRIVACY IS A
TOP PRIORITY

47% 55%

Almost half of CLOs More see privacy regulations as

oversee privacy. a “cause of legal concern.”

10

6 8.1 8.1 7.7

4

2 Cybersecurity Compliance Data Privacy

Privacy ranks 3rd out of 16

business priorities.

PRIVACY ENFORCEMENT
IS INCREASING

60% 48%

Most CLOs expect more Almost half think changes in the US

enforcement actions. are highly or moderately affecting
the business.

90% 89% 85%

Insurance Information Accommodation

Almost all CLOs in insurance, information, and accommodation

and food service industries expect more enforcement.

CLOs ARE INVESTING

IN PRIVACY

25% 57%

Of CLOs supervising privacy plan Have implemented a

to hire privacy professionals comprehensive data strategy

Plan

25%
Have

56%
CLOs have or plan to implement
privacy technology!

Christy Hawkins,
Special Counsel, Consumer Financial Services, Data
and Technology (CFS+) Practice Group, Akerman LLP

EXPERT “The increase in legislative and regulatory interest in data privacy will only
continue in the near future. There are many moving parts to achieving and
ANALYSIS maintaining compliance with laws, regulations, and good practices. With chief
legal officers sharing responsibility for ensuring compliance, the time to act is now.
Companies who think ahead and plan for compliance should invest in their people,
processes, and technology to better position themselves before facing a cybersecurity
incident, regulatory enforcement, or diligence inquiries.”

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