Developing Issues in Global Privacy and Risk Management Update

Nearly all companies face privacy and information governance issues as a result of the intersection of legacy, decentralized, and hosted databases. As technology continues to evolve, so too must every business, by considering and planning against privacy and cybersecurity risks. Information is its own currency, and an organization’s ability to protect and leverage its information assets is crucial to protecting its brand and reputation. The way to most effectively marshal information assets is to develop a holistic privacy and risk management structure.  

Parallel to the rapid evolution of technology, the data privacy legal and regulatory landscape also continues to evolve – both in the U.S. and internationally.  Companies that collect personal information for employees or customers should be aware of how the most recent changes may impact their collection, use, and transfer of data.

This session updates the overview of the current state of global privacy and risk management that Ms. Callahan and Ms. Wachs of Jenner & Block provided last year.  The presenters discuss the current risk profile for privacy incidents, and ways to mitigate risk through information governance. During the presentation they also provide an overview of the EU-U.S. Privacy Shield and the impending EU Global Data Protection Regulation. In addition, Ms. Callahan and Ms. Wachs detail the components of a comprehensive privacy program, including information technology tools and technical controls, and how each of these contributes to mitigating enterprise-wise privacy risk. 

1. Obtain an overview of the current state of global privacy and risk management
2. Evaluate your company’s current privacy risk profile
3. Understand the role of management and the board in assessing your company’s privacy risk profile
4. Navigate the current US and global legal privacy framework
5. Identify the components of a comprehensive privacy program
6. Determine which privacy program components, technology tools, and technical controls can help mitigate your company’s privacy risk