29% of organizations struggle with compliance since auditors require proof of data security and privacy in AI-based systems.

44% of financial institutions cited complying with cyber security regulations as the single most pressing challenge.

Nearly half of financial institutions cite auditors and regulators as primary drivers for enhancing TPRM programs.

96% of privacy and security professionals confirm that privacy investments provide returns exceeding costs.

In the 2024 Cisco Consumer Privacy Survey, most global consumers (53%) said they are aware of their country's privacy laws.

86% of privacy and security professionals support privacy legislation, recognising its positive impact on business operations.

86% of respondents noted a positive impact of privacy legislation on their organisations, up from 80% last year.

96% of organisations report that the returns of privacy significantly outweigh the investments.

Among those aware of their country's privacy laws, 81% feel confident in their ability to protect their data, compared to just 44% of those unaware of such laws.

31% of bank CEOs, senior executives and directors say their bank saw heightened regulatory attention on Bank Secrecy Act and anti-money laundering compliance in their latest exam, up from 20% last year.

Only 20% of financial services professionals believe AI has had a "very positive" effect on their financial crime compliance framework – down from 37% in 2023.

Only 38% of financial services professionals are "very confident" in their financial compliance program's ability to detect emerging geopolitical threats.

Over a quarter (27%) of financial and professional services organizations have AI and machine learning as an established part of their financial crime compliance programs, exceeding 2023 levels (24%).

76% of organisations cannot produce a complete data asset inventory within hours when needed for compliance or security incidents.

48% of UK senior security decision makers reallocated staff members from other projects.

Almost one-third (31.1% of CISOs) believe that their company’s resistance to change is primarily driven by financial matters.

75% of retail and consumer goods and 62.5% of entertainment and media corporations are coping with the lack of a centralized system, but retailers are also challenged by silos within their data (75%).

40% of businesses view data sovereignty as a compliance issue.

23% of UK security professionals cite a lack of visibility over supply chain/third-party partners as a barrier to DORA compliance.

Roughly 50% of CISOs expect automation to optimize compliance through a single pane of glass.