Most technology start-up companies lack the experience and resources needed to manage the plethora of security, privacy, and compliance issues inherent in a growing technology business. Nevertheless, the legal and business implications of poorly managed privacy and data security practices are too important to ignore. A single error can undermine the trust of investors and customers, attract unwanted regulatory attention or litigation, and ultimately, derail a start-up’s success.
As the world becomes more complex non-traditional approaches to ensuring data security and protection must be evaluated. In this article Wei Chieh, the founder of SWARMNETICS draws a parallel between how we treat open source software and the Asian organisational attitude toward White Hat hackers (or ‘independent security researchers’) as assets that might help to stem the tide of security breaches that Asian companies face today.
The question of data privacy has become one that is shaping the business world of the 21st century. With many technologies advancing in leaps and bounds – as well as the increasing importance of ‘The Internet of Things’ the appointment of a professional Data Protection Officer to ensure legal and mandatory compliance has become a business imperative. We look at how failure to appoint such professionals who can operate at all levels of an organisation can be a costly mistake – not only in terms of revenue – but also in terms of customer trust.
Most technology start-up companies lack the experience and resources needed to manage the plethora of security, privacy, and compliance issues inherent in a growing technology business. Nevertheless, the legal and business implications of poorly managed privacy and data security practices are too important to ignore. A single error can undermine the trust of investors and customers, attract unwanted regulatory attention or litigation, and ultimately, derail a start-up’s success.
In this first instalment of a two part article Francoise Gilbert from Greenberg Traurig LLP talks about the first 5 common privacy and data security mistakes that start-ups must avoid.
Last year, cyber security breaches wreaked havoc on some of the biggest financial institutions, retailers and governments in the world, causing data and financial loss and even corporate embarrassment for a certain entertainment powerhouse. In 2016, we can likely expect more - more advanced attacks including targeted industry espionage, ransomware, and social engineering.





