TrustArc, the leader in data privacy management and automation has released its 2021 TrustArc Global Privacy Benchmarks Report. Now in its second year, the report highlights how companies’ priorities and strategic approaches to data privacy and security are evolving and what their top challenges in privacy management and compliance readiness are.
Key findings from the report include:
- Privacy is becoming a priority at the highest levels: 83 percent of enterprises have created formal Privacy Offices this year compared with 67 percent in 2020, an increase of 16 percentage points.
- Privacy work is never done: Across all roles, from senior executives to full-time employees, 73 percent agree or strongly agree they should do more on privacy.
- Increasing security risks are a key factor in privacy prioritization: Cybersecurity risks from third parties or attackers are a top privacy concern for leaders, with 51 percent highlighting it as their top challenge for 2021.
- As threats grew, privacy improved: The TrustArc Global Privacy Index median score climbed to 70 percent in 2021 (from 62 percent last year), with top quartile companies at 85 percent or better, up from 79 percent.
Download the full report below to read more.