2018 Trends Overview: Compliance, Privacy and Security Family Tree
In 2019, regulations and laws will continue to define how businesses collect and use consumer data, and their obligations to protect this data from misuse, theft or exposure to unauthorized parties.
February 08, 2019 at 12:25 PM
8 minute read
This article appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more.
In 2018, global privacy and data breach laws took control across Europe in the form of the General Data Protection Regulations (GDPR), in Canada, as the Canadian Breach of Security Safeguards Regulations of the Personal Information Protection and Electronic Documents Act (PIPEDA), and in the United States, with the California Consumer Privacy Act 2018 (CCPA). In 2019, each set of regulations and laws will continue to define how businesses collect and use consumer data, and their obligations to protect this data from misuse, theft or exposure to unauthorized parties.
There are subtle but important differences between compliance, privacy and security. All three are related and overlap to some extent, but each has a specific purpose. Compliance regulations are guard rails that serve to protect the public interest from unethical, negligent or illegal activity within a corporate function or given industry. Think Sarbanes-Oxley rules to oversee and standardize corporate financial reporting, or Security Exchange Commission (SEC) rules around trading on public markets. Privacy regulations, on the other hand, are about keeping non-public information from exposure and protecting assumed rights around an individual to purchase products and services without their information — be it financial, political or demographic — from misuse or exposure to criminal elements that can leverage this information to their financial gain at the expense of the affected consumer. Compliance and privacy are perhaps fraternal twins; whereas, security is their cousin. Security regulations are designed to detect misuse at the hands of insider practitioners, and to keep outsiders, such as criminals, from infiltrating business environments and stealing or manipulating privileged information.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250