Electronic Data Security

Privacy compliance as a competitive differentiator: 97% of 3,200 companies surveyed say they are receiving auxiliary benefits today from their data privacy investments, beyond just meeting compliance requirements.

Benefits cited include:

  • greater agility and innovation
  • competitive advantage versus competition
  • operational efficiency
  • investor appeal
  • less costly data breaches
  • for companies that had undergone GDPR compliance work,

Data privacy bills are pending in at least eight states, reports Sara Merken at Bloomberg Law.

State lawmakers are aiming to give citizens more control over their personal data. Some of the bills largely follow the lead of California, whose Consumer Privacy Act takes effect Jan. 1, 2020. Others are more narrowly focused on

Data rights > data ownership?

That’s the position taken by Privacy International in its response to the recent editorial by artist wil.i.am in The Economist which called for tech giants to pay individuals for their data:

  • Data rights offer a system of control and protection that is much more comprehensive than ownership, and these rights

In the age of digitization, personal information your business holds about your customers (or your customers’ customers) has become a strategic enterprise asset and should be treated as such.

Privacy considerations should be incorporated into your go-to-market strategies.

Gartner with some tips:

  • Customer-facing policies and communications should clearly explain what information is collected and why,

Enforcement is increasing under the EU US Privacy Shield Framework for cross border transfer of personal data. A report published by European regulator, the European Data Protection Board (EDPB), lists enforcement initiatives by the Department of Commerce (DoC) and the FTC.

  • On a quarterly basis the DoC conducts “false claims reviews” to identify organizations that

Japan is the latest country to be recognized by the European Union as providing adequate protection to data. The decision is one of mutual adequacy and creates the world’s largest area of safe data flows.

Per European commissioner Vera Jourova: “Europeans’ data will benefit from high privacy standards when their data is transferred to Japan.

2019 presents businesses with new cybersecurity and privacy challenges: rapid advances in technology, sophisticated new cyberattacks and stricter privacy regulations here and around the world, just to name a few. Businesses that fail to plan risk significant financial and reputational damage.

Those at the front of the fight, but out of the headlines will:

  • Afford

Austin, Texas, downtown skyline at sunsetThe American Bar Association is holding its upcoming 2018 Business Law Section Annual Meeting at the Austin Convention Center in Austin, TX, from September 13 to 15.

Fox partner Matt Kittay will moderate a panel entitled “Lawyer Ethical Issues in M&A Technology.” Featuring Haley Altman of Doxly, Steve Obenski of Kira Systems

Data-rich companies like Facebook have a unique opportunity to capitalize on the recent surge in regulatory scrutiny and turn it to their advantage.

Savvy tech companies are attuned to public opinion and won’t allow others to control the narrative. They are already taking steps to regain the upper hand in the privacy debate.

Facebook demonstrated

Europe map with padlock symbolizing the General Data Protection Regulation (GDPR)With the European’s Union’s new General Data Protection Regulation (or GDPR) taking effect in less than 100 days, the interest of many U.S. Companies has been piqued as to how the GDPR may affect their overseas and internet-based businesses.  This article on CFO.com, “Why GDPR Matters,” which I co-authored with Bill Shipp from