2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf

2. 2 Operating Regions and Head Office 60% 66% 50% 39% 36% 30% 27% US Europe United Kingdom Canada Asia Pacific Latin America Middle East and Africa 37% 39% 13% 3% 6% 1% 1% US Europe United Kingdom Asia Pacific Canada Middle East and Africa Latin America Where is your Head Office located? Which of the following regions and countries does your company operate in? (choose all that apply)

3. 3 2023 Top 5 Challenges 10% 8% 8% 10% 8% 7% 8% 10% 7% 9% 13% 12% 13% 11% 14% 24% 27% 24% 27% 25% 27% 30% 28% 28% 27% 20% 16% 17% 16% 17% Artificial intelligence implications in privacy Compliance risks from regulatory oversight and penalties Reputational risks from social media Cross-border challenges Developing a privacy first culture within enterprise 0 - Not a challenge 1 - 2 - 3 - 4 - 5 - Extremely challenging Among 18 potential challenges, "artificial intelligence implications in privacy" ranked first.

4. 4 AI Challenges by Industry 46% 59% 52% 52% 48% 46% 45% 45% 42% 41% 37% 36% 36% 32% Overall Financial Education Technology Telecommunications Retail Insurance Consumer Goods Manufacturing Health Care Consulting Other Transportation Food & Beverage Percent “4 + 5 extremely challenging” More challenging than average

5. 5 7 Keys to Privacy (and Privacy Outcomes) 1) Having the Board of Directors regularly review and discuss privacy matters. 2) Pursuing privacy as a core part of business strategy. 3) Making sure privacy permeates day to day business decisions with great importance. 4) Embracing privacy practices as a key differentiator. 5) Being mindful of privacy as a business. 6) Ensuring every employee can formally raise a privacy issue with confidence that there will be no reprisal. 7) Sufficiently training employees in privacy matters. Resulting in… • Confidence your company keeps all relevant data secure and protected. • Confidence your customers/employees /partners & third parties/general public in your management of data privacy.

6. 6 Privacy Index Scores 2023

7. 7 Measuring Privacy and Its Impact 20% 19% 14% 14% 66% 67% Yes No Dont know/ Not sure Does your company currently measure the effectiveness of its privacy program? 2023 2022 52% 61% 21% Overall Companies that measure privacy Companies that do NOT measure privacy Privacy Index Score 3x

8. 8 Measurement Methods and KPIs

9. 9 Privacy Concerns How important are the following topics to your company as they relate to privacy concerns and regulations? [“Don’t know/Not sure” excluded] 2% 3% 3% 3% 6% 5% 5% 5% 7% 8% 11% 5% 7% 8% 7% 9% 9% 8% 10% 7% 12% 11% 15% 16% 16% 16% 18% 19% 21% 18% 19% 18% 17% 34% 33% 33% 34% 29% 35% 34% 32% 28% 31% 27% 43% 41% 40% 39% 39% 32% 33% 35% 39% 31% 34% Third party risk management Data Discovery and Scanning Global privacy controls Data Subject Access Requests (DSAR) technology solutions Artificial Intelligence (AI) Ending and/or alternatives to third party cookie collection Localization of consent preferences interfaces Privacy-as-a-service solutions Transfers of data outside the EEA and UK Biometrics Blockchain technology Not at all important Slightly important Moderately important Important Very important

10. 10 Third Party Risk Management Concern by Role 77% 85% 85% 74% 73% 69% Overall Senior executive (e.g. CxO, EVP, SVP, Managing Director) Privacy executive (e.g. CPO, DPO, Chief Compliance Officer, General Counsel) Manager outside the privacy function (e.g. VP, Director, Manager, Team Leader) Full time employee outside the privacy function Privacy team member (e.g. Privacy Counsel Privacy Program Manager Privacy Enginee More important than average

11. 11 Standards/Certifications Undertaken 56% 46% 34% 33% 30% 29% 27% 24% 23% 22% 19% 16% ISO 27001 ISO_IEC 27701 Generally Accepted Privacy Principles ISO_IEC 27002:2013 ISO_IEC 29100:2011 ISO 22307:2008 NIST 800 Series SOC2 FedRAMP PCI-DSS Nymity Framework COBIT

12. 12 Impact of Standards on Privacy Competence 51.8 67.4 65.4 64.9 62.3 62.1 61.6 61.0 60.8 60.5 60.0 55.1 53.9 Overall Nymity Framework Generally Accepted Privacy Principles ISO_IEC 27002:2013 NIST 800 Series ISO_IEC 29100:2011 ISO_IEC 27701 ISO 22307:2008 PCI-DSS ISO 27001 SOC2 COBIT FedRAMP Privacy Index Score

13. 13 Privacy Teams 92% 89% 91% 91% 38% 93% 91% 92% 91% 73% Over US $5 Billion $1B to $5B $501M to $999M $51M to $500M $50M or less Company Revenue 2022 2023 92% 90% 91% 78% 8% 10% 9% 22% 2023 2022 2021 2020 Yes No Does your company have a dedicated Privacy Office? [results shown in each year for companies $50M+ in revenue, excluding “DK/Not sure”]

14. 14 Privacy Vulnerability Has your company suffered from any of the following in the past 3 years? (choose all that apply) 34% 27% 25% 24% 21% 23% 30% 24% 23% 22% 19% 26% 27% 23% 20% 18% 18% 13% 31% Data breaches Large scale cybersecurity attacks Regulatory investigations actions or fines Data privacy lawsuits from consumers Adverse media scrutiny Loss of trade partners due to privacy concerns None of the above 2021 2022 2023

15. 15 Primary Solution 17% 16% 20% 14% 27% 25% 16% 22% 20% 22% Privacy management software Governance, Risk and Compliance (GRC) software Internally developed system Free or open–source privacy software solutions Spreadsheets, email and/or word processing software What primary solution do you use to manage your privacy program? 17% 16% 20% 14% 27% 25% 16% 22% 20% 22% 2022 2023

16. 16 Impact of Solution on Privacy Competence 52 60 56 53 52 47 Overall Privacy management software Governance Risk and Compliance (GRC) software Internally developed system Spreadsheets email and/or word processing software Free or open source privacy software solutions Privacy Index Score

17. 17 Confidence in Employee Privacy by Preparation for CCPA Enforcement 5% 1% 22% 6% 43% 37% 29% 56% Overall Very Prepared for CCPA enforcement No confidence Very little confidence Some confidence A great deal of confidence Complete confidence

18. 18 Impact of CCPA Enforcement Preparation on Privacy Competence 6% 13% 20% 33% 28% Not at all prepared A little prepared Somewhat prepared Prepared Very prepared How prepared do you feel your company is for enforcement of the following privacy laws as it pertains to your business? If the particular regulations do not apply to your business, please choose "Does not apply". 28 30 35 61 78 Not at all prepared A little prepared Somewhat prepared Prepared Very prepared Privacy Index Score

19. 19 Privacy Benefits On a scale of one to five, how important are the following with respect to your company’s privacy efforts? 3% 4% 3% 4% 4% 9% 6% 8% 8% 9% 13% 14% 15% 17% 19% 20% 25% 27% 30% 32% 55% 52% 48% 41% 35% Keeping brand trust Being in compliance with GDPR Knowing where my customer data lives Personalizing the user experience Keeping opt-outs as low as possible 2% 2% 2% 2% 6% 4% 4% 7% 7% 12% 11% 15% 24% 27% 31% 34% 62% 55% 52% 41% Keeping brand trust Being in compliance with GDPR Knowing where my customer data lives Personalizing the user experience Not at all important Slightly important Moderately important Important Very important 2023 2022

20. 20 THANK YOU! View our online interactive results here… https://trustarc.com/global-privacy-benchmarks-report/ Get a complete download of the report here… https://trustarc.com/2023-global-privacy-benchmarks-report/

2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf

2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf

Recomendados

Mais conteúdo relacionado

Similar a 2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf

Similar a 2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf(20)

Mais de TrustArc

Mais de TrustArc(20)

Último

Último(20)

2023 Global Privacy Benchmarks Survey - Webinar May 30 2023.pdf