A joint study by the International Association of Privacy Professionals (IAPP) and TRUSTe polled privacy, IT and information security professionals across the globe. The findings from the study show the most valued way privacy can help to protect against cybersecurity risk is through constant communication between the privacy and security teams, many of which are now populated with staff from each discipline.

Key Takeaways:

• A significant increase in privacy-related investments, with 42% of firms spending more on privacy technology, outpacing investment in external counsel and auditors
• Companies are using core privacy functions to better understand the extent of their corporate risk, with 41% increasing use of privacy impact assessments and data inventory and classification
• Some 75% of IT/infosecurity professionals ranked data minimization and data inventory & mapping as the most important privacy functions in mitigating the risk of a data breach, followed by privacy policies and privacy impact assessments