DLA Piper conducted its first compliance survey. I assume they reached out to some subset of the law firm’s clients seeking responses to the 34 questions. The answers came from not just the biggest companies. Although 38% of the companies had more than 5,000 employees, 20% had 100 or fewer. The companies were split 60/40 public private.
There is a bunch of stuff packed into the responses. I’m not sure I found anything new or surprising about the answers.
I did look at the four biggest compliance risks according to the survey:
- Increased regulatory risk
- Cybersecurity
- Data breaches, data privacy
- Regulatory risk
Okay, so maybe those are really just the two risks worded in two different ways.
Compliance is worried about cybersecurity which means avoiding date breaches and keeping data private. Regulators and hackers have made them worried about not taking the right approach. The survey does not say which worries compliance more.
Regulatory risk is the other big concern. Government regulators continue to pile on regulations. Compliance professionals and their firms are having a hard time figuring out how the new regulations apply and how to best attempt compliance.
You can read the entire compliance survey: CCOs Under Scrutiny (.pdf)
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