As more CPOs need to interact with security, they need the right skills to integrate security into the privacy strategy and compliance with regulations.
Data Protection
Certain types of personal data are very valuable to criminals, and can be very damaging to an individual or business if it falls into the wrong hands. As the world becomes more digital and more connected, more of this sort of data is generated and passed between various sources on a regular basis.
Government regulations and supervisory authorities aren’t just about keeping irresponsible parties in line. They also provide vital security guidance to every type of organization that handles sensitive personal, business or government information.
Data protection regulations also ensure that the end user has a transparent view of and a say in the processing of personal data. These safeguards play a significant role in everything from the preservation of civil rights to ensuring that democratic institutions function properly.
Some types of personal data are clear candidates for regulation: medical records, banking information, national ID numbers and so on. But some of these regulations also cover items that might seem relatively innocuous at first glance: home addresses, email addresses, website profile information and so on. For example, the European Union General Data Protection Regulation (GDPR) has stipulations about anything that is unique to an individual to include phone numbers and social media accounts. People have varying levels of privacy preference with these items, but they are often protected by regulation because they can be used for targeted scams and attempts at identity theft.
Given that regulations often take the size and customer count of businesses into consideration in terms of penalties and the scope of protection of personal data, compliance is particularly important for enterprise-scale organizations. You do not necessarily have to have an active business presence in a country or region; simply storing data on or moving it through servers there may subject you to their data protection rules.
According to a new survey conducted by the IAPP and EY, Global 500 companies will spend a combined $7.8 billion over the next year on GDPR compliance. Those escalating compliance costs will mostly result from new hiring, as corporations race to catch up with changes to privacy laws.
Identity theft is a frighteningly real concern during the holiday season as consumers shop more and cyber criminals get busy. Companies that proactively offer identity protection to cushion the full impact of a data breach on customers that are victimized will reap benefits of trust and loyalty from their customers.
The GDPR legislation, which is being implemented across the European Union next May, will have far-reaching implications for how political parties, NGOs and any community organization interfacing with the general public operates. Here’s a nine step checklist to help your community-facing organization get into shape.
Data subject rights are being expanded under the EU General Data Protection Regulation (GDPR), impacting the business processes of data controllers and processors. With the increased complexities that lie in within each distinct right, a variety of new issues will need to be considered.
The concept of consent has had a long history in privacy and data protection. Privacy consent has been evolving, especially under the GDPR. What are the expanded requirements for consent and what actions must organizations begin taking today to prepare for the coming of the GDPR on 25 May 2018?
Less than 100 days to go, and so far only two European countries have adapted their laws to be ready for GDPR. While the GDPR aims to harmonize rules across the European Union and to benefit companies to deal with just one law, many member states are eyeing possible exemptions as they change their national laws.
Every business that collects data will have the Insights, Prediction, Action dilemma it confronts. And for that we need a regulatory framework to set boundaries. Am I allowed to dream on? Let’s not wait for regulations. An industry sponsored consortium putting consumer rights and privacy front and center.
Personal data protection is a fundamental EU right and is not negotiable in trade deals, The European Commission has provided four conditions for international data flows to comply with the GDPR. Yet, there is a “get out of jail free card,” allowing restrictions to be reviewed and accorded "sympathetic" consideration.
Nymity's 2018 Privacy Compliance Software Buyer's Guide helps a Privacy Office to navigate the different types of privacy compliance software and to best decide where to invest in order to mitigate risk, build accountability, and achieve ongoing compliance. Get the ultimate guide to buying privacy software.