Recent ISACA research reveals alarming trends among European privacy professionals, as 54% anticipate budget cuts for the upcoming year, jeopardizing their ability to safeguard sensitive data. With only 38% expressing confidence in their organizations' data protection capabilities, the impending economic constraints pose severe risks to compliance with EU directives such as the Digital Services Act. Shortages in staffing further exacerbate the problem, leading organizations to explore strategies like Privacy by Design and retraining current employees to fill privacy roles more effectively.
The ongoing cuts to privacy budgets amidst new EU privacy initiatives could undermine compliance, exposing companies to long-term risks despite perceived short-term gains.
Only 24 percent of European organizations consistently apply Privacy by Design, a strategy essential for effective privacy management and better staffing.
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