Fortune 1000 privacy spending 2015 forecast: up 20%.

• Position: PRIVACY - Brief article

Anew benchmarking study launched to track privacy management and spending in Fortune 1000 companies found that enterprises spent $2.4 million on privacy in 2014. That number is expected to increase 20% in 2015, according to a report released by the International Association of Privacy Professionals (IAPP).

More than half (55%) of the participating enterprises considered their privacy programs to be mature or in the late-middle stage of maturity. One-third categorized their programs as being in the middle stage of maturity, leaving 9% in the early or "pre-stage" category.

Predictably, those with more mature programs reported higher privacy budgets and more privacy employees than those with less mature programs. Approximately 12% of...