The IAPP & EY Annual Privacy Governance Report 2021 provides insights into how organizations manage privacy programs amid evolving regulations and pandemic-driven challenges. It highlights growing **privacy budgets**, **expanded teams**, and increasing **regulatory complexity** from laws like GDPR and CCPA. The report notes that **cross-border data transfers** and **data subject requests** remain key challenges, while the **Schrems II** ruling has intensified compliance efforts. Despite progress, many privacy functions remain **under-resourced**, emphasizing the need for stronger governance, automation, and global alignment of privacy strategies.