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Cybersecurity Ranks Among Top Concerns of Corporate Legal Departments
It's no surprise that in-house leaders feel stretched after years of facing pressure to do more with less; departments' roles are expanding while staffing headcounts and available resources often remain unchanged.
A survey Thomson Reuters recently conducted to identify trends in managing resources and adapting to business growth and needs revealed the top challenges facing legal departments include cybersecurity concerns, more time spent handling regulatory matters, and general counsels' expanding roles in general. The growing expectations of departments are requiring in-house leaders to balance increasing demands by shifting work, relying on technology and hiring operations managers, among other measures.
Several factors including company data breaches and the European Union's General Data Protection Regulation (GDPR) have contributed to attorneys increasingly turning their attention to cybersecurity. Against the backdrop of budget constraints and limited resources, cybersecurity risks represent another challenge for attorneys to contend with as they manage internal and external resources.
Cybersecurity Concerns
Nearly a quarter, 23%, of respondents to the Thomson Reuters survey rated cybersecurity among their departments' top concerns. Overall, cybersecurity ranked as more important to legal departments in 2018 than in previous years the survey was conducted.
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