Most experts agree that the work environment post-pandemic has changed dramatically in terms of remote work, a tight job market, and reliance on freelancers and contract workers. Human Resources and Compliance and Security Officers face significant pressure to adapt to this new work model while managing pre-employment and post-employment risks.
Several trends to be aware of include
- Since there is no indication that federal consumer privacy legislation will be enacted in the near term, businesses must continue to be informed of individual state privacy laws which impact their job applicants, employees, and contractors. Read more here.
- New privacy laws in California and Michigan which remove use of full date of birth in court records searches will lead to more false positives and disputes if organizations continue to run traditional employment screening programs. Read more here.
- According to the 2022 Cost of Insider Threats Global Report by the Ponemon Institute, malicious insiders caused 26% of incidents with an average cost of over $600,000 per incident, which was 33% higher than negligent insider incidents. Find out about the Ponemon Institute.
- Compliance technology budgets are projected to have grown by 180% since 2019 based on Gartner’s Chief Compliance Officer Leadership Vision 2022 report. Indicating a recognition of intensifying demands for compliance and security professionals based on the ‘new normal.’ Read the whole report here.
- PwC’s 2022 Global Digital Trust Insights reported only 40% say they understand their third-party cyber and privacy risks. Given the increased reliance on third-parties, this can vastly complicate the jobs of security leaders. Read the whole report here.