Security News > 2021 > September > Increasing number of investigations calls for advanced technology and dedicated teams

Compliance Week conducted a survey which shows the importance of both advanced technology and dedicated teams that can quickly deliver data insights to reduce time and cost and result in better outcomes.

"Vast increases in information, changing data privacy and compliance requirements, and growing cybersecurity risks are all contributing to the need for a faster approach to managing and conducting investigations that results in better outcomes."

What is driving the surge in the number of investigations? Increasing number of investigations: Respondents indicated that over the past year, they have faced an increasing volume of employee conduct, regulatory and enforcement, cybersecurity, and data privacy investigations.

A variety of investigations: Investigations resulting from employee conduct represent 37% of electronically stored information for collection and review, followed closely by cybersecurity, regulatory investigations and enforcement and financial reporting.

Budgets are expected to remain flat: 51% of respondents are expecting the overall number of investigations within their business to increase in the next 1 to 2 years, despite the fact that 46% said that budgets would remain the same.

Strike teams provide value: To address the challenges of managing investigations internally, legal and compliance managers are incorporating teams of individuals to support investigations, with the top area of spend cited by respondents as support from professional services/consulting and legal service providers.

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