Data Privacy

Definition:

The growing list of regulations from jurisdictions around the world is making Data Privacy increasingly complex and dynamic. This risk examines how organizations protect sensitive data in their care and ensure compliance to all applicable laws and regulations.

Analysis:

Despite having lower personal knowledge and lower perceptions of organizational relevance of this increasingly regulated risk, members of the C-suite have a higher perception of organizational capability than do either board members or CAEs.

KNOWLEDGE AND CAPABILITY

Percentage who gave a rating of 6 or 7 on a scale of 1 to 7

RISK STAGE

Develop - New to OnRisk

RISK RELEVANCE

Percentage who gave a rating of 6 or 7 on a scale of 1 to 7

– Data Privacy

Quotes:

“It’s critical to have procedures in place to analyze, collect, and store data that are common practices throughout the organization.” –CAE, Government

“I hear a ton about data privacy compared to 10 years ago, and I think it will grow in importance.” –C-suite, Healthcare

70% 77%

C-suite Board CAE