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Privacy Budgets Set to Decrease in 2025 New Research From ISACA Reveals

Privacy Budgets in Europe Face Funding Shortfalls Amid Complex Regulatory Landscape.

The State of Privacy Budgets in Europe

The European data protection landscape is becoming increasingly complex, with new regulations and technologies emerging regularly. As a result, privacy professionals are facing significant challenges in managing their organisations’ privacy budgets. A recent survey has revealed that 45% of privacy professionals in Europe believe their organisation’s privacy budget is underfunded, marking an increase from 41% in 2024.

The Challenges of Privacy Budgeting

Privacy professionals are facing a multitude of challenges when it comes to budgeting for privacy.

Data privacy is no longer a luxury, it’s a necessity in the EU.

The European Union’s General Data Protection Regulation (GDPR) has been in effect since May 2018, and its impact on data privacy is still being felt. The GDPR sets a new standard for data protection, requiring organisations to implement robust security measures to safeguard sensitive information.

The State of Data Privacy in Europe

The GDPR has had a profound impact on the way European organisations approach data privacy. With its emphasis on transparency, accountability, and data minimisation, the regulation has raised the bar for data protection. However, the reality is that many organisations are struggling to keep up with the new standards.

Challenges in Implementing GDPR

Several challenges have arisen in the implementation of the GDPR. One of the most significant issues is the lack of qualified privacy professionals.

Technical privacy teams face significant skills gaps due to lack of experience with emerging technologies and inadequate training programs.

58% of respondents said they lack experience with cloud computing, 55% lack experience with Internet of Things (IoT) devices, and 53% lack experience with artificial intelligence (AI).

The State of Technical Privacy Teams in Europe

The European Union’s General Data Protection Regulation (GDPR) has had a profound impact on the way organisations approach data privacy. As a result, many European organisations have invested heavily in building technical privacy teams to ensure compliance with the regulation. However, despite this investment, there are still significant skills gaps in these teams.

Key Challenges

  • Lack of experience with emerging technologies such as cloud computing, IoT devices, and artificial intelligence (AI)
  • Limited understanding of data protection principles and regulations
  • Inadequate training and development programs for technical privacy teams
  • The Importance of Staffing and Training

    Staffing and training are critical components of building a strong technical privacy team.

    85% of respondents believe that a university degree is not a guarantee of privacy compliance.

    The Growing Importance of Privacy in the Workplace

    In recent years, the importance of privacy in the workplace has grown significantly. As technology advances and data becomes increasingly sensitive, organisations are faced with the challenge of protecting sensitive information from unauthorized access. This has led to a growing demand for privacy professionals who can ensure that data is handled and stored securely.

    The Need for Privacy Training

    47% of European organisations offer training to allow non-privacy staff to move into privacy roles. This is a significant increase from previous years, highlighting the growing recognition of the importance of privacy in the workplace. However, despite this, there is still a lack of understanding among non-privacy staff about the importance of privacy and how to handle sensitive information. Key factors that influence the decision to offer privacy training include: + Compliance and legal experience + Credentials (e.g. certifications, diplomas) + University degree

    The Importance of Compliance and Legal Experience

    95% of respondents consider compliance and legal experience an important factor when it comes to privacy training. This is because compliance and legal experience provide a strong foundation for understanding the regulations and laws that govern data protection. Without this experience, it can be difficult for non-privacy staff to understand the importance of privacy and how to handle sensitive information.

    The Importance of Training and Support for Privacy Staff

    Understanding the Challenges

    Privacy staff face numerous challenges in their daily work, from managing the increasing volume of data to staying up-to-date with emerging technologies and regulations. The lack of adequate training and support can exacerbate these challenges, leading to increased stress and decreased organisational resilience. The rapid pace of technological advancements in areas such as artificial intelligence, blockchain, and the Internet of Things (IoT) requires privacy staff to be constantly updated on the latest developments and best practices. The increasing complexity of data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), demands a high level of knowledge and expertise among privacy staff. The growing importance of cybersecurity in protecting sensitive data from cyber threats requires privacy staff to be aware of the latest security measures and protocols.

    The Role of ISACA

    ISACA, a global association of information systems auditors and security professionals, recognizes the importance of training and support for privacy staff. The organization provides a range of resources and services to help privacy staff develop the skills and knowledge needed to manage their workload and maintain organisational resilience. ISACA offers training programs and workshops on emerging technologies, privacy-enhancing technologies, cybersecurity, and data protection architectures. The organization provides guidance on legal compliance and regulatory requirements, ensuring that privacy staff are aware of the latest regulations and standards.

    The History of ISACA

    ISACA, the International Information Systems Audit and Control Association, has a rich history that spans over six decades. Founded in 1969, the organization has grown from a small group of auditors to a global community of over 200,000 members. The first ISACA chapter was established in the United States, and the organization has since expanded to include chapters in over 180 countries.

    Early Years

    In its early years, ISACA focused on providing training and certification programs for auditors and IT professionals. The organization developed a range of courses and certifications, including the Certified Information Systems Auditor (CISA) and the Certified Information Security Manager (CISM). These programs helped establish ISACA as a leading authority in the field of IT auditing and security.

    Expansion and Growth

    As the organization grew, ISACA expanded its reach to include new chapters and members. The organization established a global network of chapters, which provided a platform for members to connect and share knowledge. ISACA also developed new certifications and training programs, including the Certified Information Systems Auditor (CISA) and the Certified Information Security Manager (CISM).

    Modern Era

    In the modern era, ISACA continues to evolve and adapt to the changing needs of its members.

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