Tips to Securing a Privacy Budget

Tips to Securing a Privacy Budget


Privacy is historically underfunded when it comes to company budgets, even as “data privacy” has become a popular topic. Some stakeholders view regulations, like the GDPR or CCPA, as a one-time, check-the-box project, and therefore fail to fund appropriately. However, those handling privacy management on a day-to-day basis know this is not the case when dealing with numerous complex privacy regulations. Privacy compliance is an ongoing adventure and cannot be approached like a task that will be crossed off the list once compliance has been reached. Developing a mature privacy program is crucial to ongoing risk management and compliance. So how do you do this when there aren’t the proper resources available? Luckily, there’s several ways through which you can get your stakeholders on board the privacy train: 


Presenting a Solid Case for Privacy


Be Persuasive. When presenting your case to the stakeholders, be ready to make a convincing argument as to why privacy resources are needed. Be prepared. Be firm. And be early – don’t wait until the last minute to figure your compliance plan when there’s an enforcement date quickly approaching. 


Align Visions. Harmonize your privacy vision with the company vision and mission statement. If your company prides itself on its transparency, show that being transparent with your privacy policies and principles syncs with that vision of transparency. 


Case Studies. Nothing gets the point across like cold hard facts. Pull together a list of examples that show the importance of investing in privacy, such a recent regulatory fines, data breaches, and any consumer backlash related to data handling. These tangible use cases will demonstrate the severe repercussions when privacy is not taken seriously.   


Privacy as a Differentiator. Show your stakeholders how privacy will be an innovator ..

Support the originator by clicking the read the rest link below.