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Privacy Is Top Priority But Spending Will Decrease, Survey Says
Corporations may be crossing their collective fingers as the California Consumer Privacy Act's (CCPA) July 1, 2020, enforcement deadline continues to inch closer. Exterro's Annual Study of Legal Spend Management was released last month in conjunction with the Blickstein Group and Corporate Counsel Business Journal, and the results indicate that organizations may not be putting their money where their mouths are when it comes to privacy compliance goals.
Responses were collected from 52 corporate legal department employees working across a variety of industries. Among those respondents, 71% indicated that providing defensibility and complying with new privacy laws such as the CCPA would be a top priority for their department in 2020.
However, 65% of respondents also indicated that they believe legal spend geared towards compliance with new privacy laws will decrease in 2020. For example, just over 50% of respondents indicated that they would be spending less than $0.5 million on compliance with privacy laws, compared to the slightly more than 40% who said the same in 2019.
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Major Differences In UK, U.S. Copyright Laws
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The Article 8 Opt In
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