Businesses and corporate legal departments may not have to dramatically inflate their privacy spend in order to account for the impact that COVID-19 has had on employee data, but chances are businesses won’t be able to reallocate that money to help soften the blow of diminished revenues either.
Case in point, an FTI Consulting report published earlier this week indicated that 97% of the 500 U.S. business leaders surveyed would be increasing their spend on data privacy over the next 12 months, with an average budget increase of 50%. But how organizations may or may not have to adjust that spending to address privacy challenges emerging around remote working and employee health information is unclear.
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