Data Privacy Happenings 📰
Hello from MineOS's monthly newsletter, The Privacy Mindset! 👋
We're nearly through 2023, which means it's time for a cascade of year end reports and summaries. A big one that dropped this week was the IAPP-EY Privacy Governance Report 2023.
As IAPP is one of the epicenters for data protection and governance, the report has invaluable insights into the state of the industry that should inform how privacy professionals are approaching their jobs in 2024.
A main takeaway? Most privacy professionals recognize the challenge in front of them, as only 18% noted they were "totally confident" in their company's compliance with privacy laws and policies. Not all is lost, as 72% said they were "somewhat confident," but the evolving nature of the industry brings heightened challenges every year.
One problem of tackling those challenges is resources.
While only 14% saw a decrease in the size of their organization's privacy team in 2023, 63% of respondents agreed that the lack of resources limits the ability to deliver on objectives. That is compared to just 26% who disagreed with that statement.
Every organization is different, but privacy team growth slowed in 2023 amidst concerns of economic recession, with only 33% reporting a net increase, compared to 38% growth in 2022.
Going forward in 2024 and beyond, those numbers may have to grow, as the sudden emergence of AI governance has driven data governance into an even more integral role than it previously played.
This is reflected by the strategic priorities respondents reported, with AI governance up from 20% to 33%, jumping from 9th to 2nd in the rankings.
The 1st spot in the rankings went to Privacy Impact Assessments and Privacy by Design, which saw a small increase from 31% to 35% from 2022 to 2023. This is likely due to the influx of new privacy laws in the United States and globally that require routine PIAs and aspects of privacy by design such as data minimization.
All the data from the survey confirms what many in the industry already know: data governance punches above its weight in organizational importance, but the challenges of AI figure to reshape and (hopefully) reprioritize data protection and security.