59% of privacy engineering teams are understaffed
1 in 5 companies say it takes more than 6 months to fill a technical privacy role
ISACA calls on companies to rethink their approach to closing the privacy skills gap to move beyond experience and instead focus on training and professional development
LONDON, January 17, 2023–(BUSINESS WIRE)–Privacy protection is an essential element of digital trust: it contributes to a more positive reputation and reduced cybersecurity incidents for the companies that prioritize it. A global digital trust association, ISACA believes businesses are aware of its importance; according to its 2023 Privacy in Practice report released today, 87% of organizations in Europe provide privacy training to employees. However, they miss the mark as the majority of companies (94%) acknowledge they lack privacy expertise.
This press release contains multimedia elements. See the full press release here: https://www.businesswire.com/news/home/20230117005918/en/
ISACA surveyed more than 1,800 professionals worldwide, including 375 in Europe, who work in the data privacy industry or have detailed knowledge of the data privacy function within their organizations to demonstrate current perspectives on the matter privacy issues, organizational structure, frameworks and policies, budgets, training and data breaches. Learn more about the key findings and business benefits of privacy by design at www.isaca.org/privacy-month-2023. (Graphic: ISACA)
ISACA’s “Privacy in Practice” report explores the state of corporate privacy by examining trends in privacy teams, privacy challenges, privacy by design, and the future of privacy. Privacy Protection.
The report reveals that, as it stands, more than half (59%) of privacy engineering teams in Europe are understaffed. Building these services is a challenge: 1 in 5 companies say it takes more than six months to fill a technical privacy role, and 41% say their privacy budgets are underfunded.
The most reported privacy violations include lack or inadequacy of training (49%); data breaches (38%); and not practicing confidentiality by design (39%). With just 38% of business leaders confident in their organization’s ability to keep sensitive data private, companies need to change their approach to close the privacy skills gap or risk compromising their relationships with third-party customers and damage the company’s reputation.
Chris Dimitriadis, Global Head of Strategy, ISACA: “Privacy professionals play a key role in establishing digital trust. As technology advances, introducing new complexities and threats, and as the cyberthreat landscape grows in size and complexity, the demand for these people will only increase. The increased demand for privacy skills is good news for candidates with knowledge of privacy technology, but also bad news for companies struggling to close the privacy skills gap. As our new research highlights, companies should consider changing their training programs and embracing privacy by design to limit breaches, build digital trust, and put the company at the forefront of success for the long haul. term. »
Tony Hughes, member of ISACA’s Emerging Trends Working Group: “Looking only for candidates with specific experience and technical privacy skills is an outdated mindset that immediately limits companies to a small pool of people. Instead, organizations should rely on retraining people into non-confidential roles, using contract workers, and focusing on people with the right soft skills to fill the privacy protection skills gap. »
Notes for editors
All data is based on fieldwork conducted by ISACA. This fieldwork was conducted in the fourth quarter of 2022, with 1,890 privacy professionals worldwide, including 375 in Europe.
ISACA’s Privacy in Practice report is available for download here.
For over 50 years, ISACA has provided individuals and businesses with the knowledge, skills, education, training and community to advance their careers, transform their organizations and build a more trusted and ethical digital world. ISACA leverages the expertise of its more than 165,000 members working in areas of digital trust such as information security, governance, assurance, risk management, privacy and quality, with a presence in 188 countries and 225 subsidiaries in Worldwide. Through its One In Tech Foundation, ISACA supports IT education and career choices for resource-limited and underrepresented populations.
The text of the press release resulting from a translation must in no way be considered official. The only authentic version of the press release is that of the original language press release. The translation should always be compared with the source text, which will set a precedent.
View the original version on businesswire.com: https://www.businesswire.com/news/home/20230117005918/en/