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.
The responsibilities of the privacy office include building and maintaining an effective privacy program consisting of policies, procedures, and other mechanisms, sometimes referred to as governance. Privacy office support software can assist the individuals who are responsible for these tasks.
Of all the legislation currently on the horizon, the Honest Ads Act seems to have the best chance of passage. The legislation is easy to understand and has bilateral support as well as the tacit support of Facebook, which is under pressure to show that it is changing and has the best interests of users at heart.
Seventy percent of security pros want governments to impose social media regulation for the collection of personal data by social media companies. Yet, expectations are hazy and 72% also indicated that they have little to no faith that government officials have an understanding of the threats to digital privacy.
The congressional testimony was supposed to establish a national debate about data privacy and the right of users to protect their data from being sold, used, or analyzed in ways that were never intended. Instead, it has become very clear that regulating privacy is harder than anyone originally expected.
In the aftermath of the Cambridge Analytica scandal, many have suggested that Facebook be regulated, fined and perhaps even broken up. After all, if the FTC were to invoke its full power, it could theoretically levy hundreds of millions of dollars of fines, crippling Facebook. But is a big tech company too big to fail?
While the Facebook Cambridge Analytica scandal has created its share of problems for Facebook, it’s clear that the scale and scope of the scandal extends to every corner of Silicon Valley. After all, most tech giants are collecting staggering amounts of user data and comprehensive new privacy regulations seem imminent.
Many companies may now be afraid of data monetization because of concerns over potential privacy violations. There is also a growing concern over being legally compliant but still making customers unhappy or uncomfortable. Is differential privacy the answer?
Proposed Secure Data Act wants to forbid government agencies from demanding for encryption backdoors. This is a positive move but will it resolve the security vs. privacy debate?
As might be expected, the scale and scope of the latest Coinrail cyber heist has increased the call for new cryptocurrency regulations for both exchanges and trading, and could go a long way in maintaining investor faith in the modern financial system.