PRIVACY + SECURITY BLOG

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Privacy Cartoon: Privacy Budget vs. Security Budget

 

Cartoon Privacy vs. Security Budget

My cartoon depicts the discrepancy in the security and privacy budgets at many organizations.  Of course, the cartoon is an exaggeration.  In an IAPP survey of Chief Privacy Officers at Fortune 1000 companies in 2014, privacy budgets were nearly half of what security budgets were.  That’s actually better for privacy than many might expect. Outside the Fortune 1000, I think that privacy budgets are much smaller relative to security.

Fortunately, it does appear that privacy budgets have increased according to the 2016  IAPP-EY Annual Privacy Governance Report which surveyed 600 privacy professionals from around the world.  Though the data captured in 2016 has far more details, comparing the charts published by the IAPP in 2015 vs 2016, you can see a significant increase in total privacy spend.

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