“There is only one amount of money—just not enough,” author Andrew Kaufman once wrote. Many departments in an organization feel the financial pinch, especially privacy teams, who face the challenge of completing herculean tasks on a small budget. Privacy budgets tend to be microscopic compared to those of security or IT/infosec teams. Thus, critical privacy activities such as incident response often get lower budgetary priority than new cybersecurity initiatives—and when that happens, the entire organization is at risk.
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