With a growing number of different privacy regulations around the world, more companies are turning to them Privacy management software solutions built for this purpose. Currently, those who have done so have done so Were most effective in managing privacy, as evidenced by their scores on TrustArc’s global privacy index. With the ability to manage the many required privacy components, the vast majority of Privacy experts may prefer such a solution.
Now in his second year, e 2021 TrustArc Global Privacy Benchmarks Report Emphasizes how the priorities and strategic approaches of companies to privacy and data security are evolving and what are their main challenges in managing privacy and are willing to comply. The main findings from the report include:
- Privacy is becoming a priority at the highest levels: 83% of organizations set up official privacy offices this year compared to 67% in 2020, an increase of 16 percentage points.
- Increasing security risks is a key factor in prioritizing privacy: Cyber security risks from third parties or attackers are a top-priority privacy concern for leaders, with 51% emphasizing this as their top challenge for 2021.
- Privacy work is never done: In all positions, from senior executives to full-time employees, 73% agree or strongly agree that they should do more in privacy.
“What we are seeing is a concern for privacy from many angles, alongside many new regulations. The epidemic has accelerated these problems as many workplaces have moved to work from home. This has exposed vulnerabilities,
With more cyber-security breaches and attacks, “said Chris Babel, CEO of TrustArc,” privacy teams and people have a lot more to manage, at a time when more threats are emerging. To do their job well, they require a solid security base and they require privacy management tools. For all its many forms in more private regulations. “
Designed privacy software is a must-have product of the season. God Report Found that companies have significantly improved their privacy management strategies in the past year. The use of dedicated privacy software has stood out in increasing the ability and trust in an organization’s ability to manage privacy. While there is evidence that stand-alone solutions can be effective in managing specific compliance requirements such as cookie consent, the data suggests that companies that have implemented a comprehensive strategic reporting platform can report significantly higher scores on the Global Privacy Index. Maintaining a privacy culture that permeates the board through the ranks, as well as integrating privacy into the core business strategy, were other salient features of these privacy leaders.
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