Privacy Potholes: Why Underfunding is Europe’s Data Disaster Waiting to Happen
The privacy budget is feeling slimmer than a model on a juice cleanse! New research reveals that 45% of privacy professionals in Europe believe their privacy budget is underfunded. With more budget cuts looming, privacy teams may soon need a miracle (or a very good accountant) to safeguard sensitive data.
Hot Take:
Looks like privacy professionals in Europe need more than just a “privacy please” sign on their budgets! With funds being tighter than a pair of skinny jeans after Thanksgiving, it’s no wonder privacy pros are feeling the stress. Perhaps it’s time for companies to stop playing “hide and seek” with their privacy budgets and give them the attention they deserve. After all, when it comes to data protection, a penny saved could be a million identities lost.
Key Points:
- 45% of European privacy pros feel their privacy budget is underfunded, up from 41% in 2024.
- 54% expect further budget cuts in 2025, increasing stress levels.
- Only 38% are confident in their organization’s ability to safeguard sensitive data.
- Organizations practicing Privacy by Design report better staffing and skills.
- Reskilling is key: 47% offer training for non-privacy staff to transition.