FTI Consulting Study Reveals Data Breach Concerns Fuel Information Governance Adoption
April 06 2016 - 7:30AM
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm
dedicated to helping organizations protect and enhance their
enterprise value, today announced findings from its 10th Advice
from Counsel study of e-discovery and information governance (“IG”)
trends. Conducted by its FTI Technology segment, this study shares
key challenges, areas of success and the basic mechanics that
Fortune 1000 corporations have adopted to develop and implement an
IG program.
“Respondents listed over 30 information governance initiatives
for their organization, from improving upon their legal hold
process to securing their most sensitive data,” said Jake Frazier,
a Senior Managing Director in the Technology segment at FTI
Consulting. “With data breaches dominating the news, data security
emerged as a top concern among respondents. For any organization
evaluating its data security policies, the Advice from Counsel
study helps shed light on how organizations are successfully
protecting data from internal and external threats.”
FTI Technology has seen a growing concern among clients around
data breaches, compliance and risk management in response to big
data over the last year, and focused this Advice from Counsel study
on learning more about the state of IG practices across large
corporations. Highlights include:
- Top IG challenge: Cloud-based collaboration
and social applications are introducing new data types and
dramatically increasing data volumes.
- Budget transparency: 72 percent of respondents
can’t quantify how much is spent on IG annually.
- IG benefits: 76 percent of respondents have
realized tangible benefits as a result of their IG program,
including reduced storage and e-discovery costs.
“Advice from Counsel has become so much more than a survey, and
is now established among in-house legal departments as the go-to
resource for getting a pulse on the industry’s most pressing
issues,” said Ari Kaplan, legal industry analyst and Principal of
Ari Kaplan Advisors, who is a co-author of the Advice from Counsel
study. “Offering in-depth analysis on common pitfalls and benefits
that have been realized by sophisticated teams, the study provides
a benchmark against which legal departments can measure their own
initiatives. There is no better way for counsel to set their own
efforts up for success than to reference them against the knowledge
of their counterparts in other organizations.”
For more information on FTI Technology, visit
www.ftitechnology.com.
About the Study For the past eight years, FTI
Technology has partnered with Ari Kaplan Advisors to publish the
annual Advice from Counsel study, a quantitative and qualitative
view into e-discovery best practices for corporate counsel. The
study is conducted by phone interviews with 31 in-house legal
professionals with responsibilities that include e-discovery. All
participants are from Fortune 1000 corporations, and interviews are
conducted under the condition of anonymity.
About Advice From Counsel Through in-person
events, virtual meetings, webcasts, surveys and reports, Advice
from Counsel helps e-discovery leaders share ideas and advice with
peers in an open and collaborative forum. Begun in 2008 as an
annual survey and report on top e-discovery trends, Advice from
Counsel has evolved into an interactive community of e-discovery
professionals working to strengthen the people, process and
technology at the core of e-discovery. For more on Advice from
Counsel, as well as information on how to join, please visit
www.ftitechnology.com.
About FTI ConsultingFTI Consulting, Inc. is a
global business advisory firm dedicated to helping organizations
protect and enhance enterprise value in an increasingly complex
legal, regulatory and economic environment. With more than 4,600
employees located in 28 countries, FTI Consulting professionals
work closely with clients to anticipate, illuminate and overcome
complex business challenges in areas such as investigations,
litigation, mergers and acquisitions, regulatory issues, reputation
management, strategic communications and restructuring. The Company
generated $1.78 billion in revenues during fiscal year 2015. For
more information, visit www.fticonsulting.com and connect with us
on Twitter (@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.
1101 K Street NW
Washington, DC 20005
+1.202.312.9100
Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com
Media Contact:
Kate Holmes
+1.206.373.6521
kate.holmes@fticonsulting.com
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