Corporate spending on managing privacy risks has risen significantly since last year, with 6 of 10 privacy professionals believing budgets will continue to increase over the coming year.
The latest “Annual Privacy Governance Report,” produced by the International Association of Privacy Professionals and Big Four firm EY, found the average privacy spend among organizations in 2021 is $873,000—a 29 percent increase over the 2020 mean of $676,000. The result was determined by those at the director level or higher of the 473 privacy professionals to respond to the poll.
