Data privacy is one of the hottest topics in all industries globally. Understanding the critical due diligence from a data privacy and sovereignty perspective will help mitigate risk.
Privacy is not a security issue
Today, we face other and more complicated challenges than ever before regarding data privacy. Privacy is not a matter of security. Privacy concerns the contents of data -personal data- and its storage, transfer, access and processing methodologies. Under EU law, personal data can only be gathered legally under strict conditions, for a legitimate purpose.
In this day and age tech-disruption causes new business models requiring even profounder use of data; leading to increased transfer of vast amounts of personal information across borders. GDPR and other data protections laws are being implemented to protect data from misuse, respecting the rights of the data owners. The rules are strict but data-privacy shows itself to be a wheel with many spokes.
The new currency
Data is currency, and the sense of urgency surrounding this is obvious; worldwide regulations develop fast and data leaks easily get in the eye of the (social) media storm causing heightened concern about privacy risk. The sanctions of the GDPR (4% of global annual revenue) will even hurt giants like Google, Apple and Microsoft. Times will change in benefit of privacy for the individual but conflict in data protection rules per country cause a bottleneck for business.
Challenges are plenty Read the rest of this entry »
Along with NetApp, we have hosted a round table discussion around “Data Privacy and Data Sovereignty: the challenges in the Cloud”.
Special guest speaker for the evening was Sheila FitzPatrick – Global Data Governance Counsel and Chief Privacy Officer at NetApp.
Sheila is one of the world’s leading experts in data privacy laws and works closely with the US Government, Council of the European Union, country-specific data protection agencies in Europe, Asia/Pacific, and America, as well as, National Works Councils, European Works Councils and Law Enforcement Agencies. She provides expertise and hands-on experience in the areas of global data protection compliance, data sovereignty, cybersecurity regulations and obligations, legal issues associated with cloud computing and big data, data breach compliance and management, and records management.
Data privacy is one of the hottest topics in all industries across the globe. Understanding the critical diligence from a data privacy and sovereignty perspective (as opposed to security) will help mitigate the risks as you embark on a cloud journey.
We would like to thank to all the attendees for their valuable contribution to the discussion. Here is where you can read more about the outcome.