Data privacy concerns were analyzed in a recent report by ISACA. According to the report, 43% say their privacy budget is underfunded and 36% say their budget is appropriately funded. When looking at the year ahead, 24% say that they expect budget will increase (down 10 points from last year). Fifty-one percent expect a decrease in budget, which is significantly higher than last year when 12% expected a decrease in budget.
When looking at common privacy failures, respondents pinpointed the lack of or poor training (49%), not practicing privacy by design (44%) and data breaches (42%) as the main concerns. One of the ways that organizations are mitigating both workforce gaps and privacy failures is through training. Half of respondents note they are training to allow non-privacy staff to move into privacy roles, while 39% are increasing usage of contract employees or outside consultants.