When it comes to having a formal privacy policy, Corporate America is all over the map. Only about one-third of all organizations have implemented a formal privacy plan, according to the Information Systems and E-Business Spending study conducted annually by Computer Economics. Meanwhile 23.5 percent of organizations have not started developing their privacy plan.

The status of privacy planning varies considerably across sectors. In the insurance industry 45.8 percent of companies have a formal privacy plan in place, while only 23.8 percent of professional services firms have a formal privacy plan in place. During 2001 another 12.6 percent of organizations will formalize their privacy policies and plans, and by the end of 2002 over 50 percent of all organizations will have formalized a privacy policy.

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