Cisco reports privacy a top global priority; average annual budgets doubled

Cisco’s survey of more than 4,700 security professionals from 25 countries found the average privacy budget doubled from $1.2M last year to $2.4M this year. This was true for organizations of different sizes. Additionally, 93% said privacy teams played a significant role in helping to manage corporate changes caused by the pandemic. Seventy-nine percent viewed the world’s developing privacy laws as having a positive impact.