In this podcast, data privacy/data security expert Jonathan Armstrong and Compliance Evangelist Tom Fox use the framework of GDPR to discuss a wide range of issues relating to these topics. They consider what the US compliance and InfoSec security expert needs to know about what is happening in the UK, Europe and beyond. In this episode, we begin a three-part series of some of the key lessons learned from the first year of GDPR. Some of the highlights in this episode include:
Do you have a plan? You need to have a plan for a data breach because it is not if but when you will be hacked. Armstrong advises you can be two plans; one for all employees which is straight-forward so that all employees will be able to understand it. You should have a second plan, which you rehearse which is for all compliance/IT/data security. It should be process driven so it allows flexibility for those responding.
Know your data and know your third parties. Many companies have disaggregated data because they have so many vendors and platforms where data is stored. You must know who has your data. Do you have visibility into 3rd, 4thand 5thparties from the data perspective? You should also capture where data is going in an organization, particularly customer and employee data. Finally, and sadly overlooked by many US companies is the question of data protection of a US parent when a UK/EU sub is audited?
Assemble your data response team now and practice, practice, practice.You need to look at your data security response. What does the A Team teach you about data response? You should strive for strength in diverse skills and practice your response. Look at PR rapid response, your compliance, your legal response all in addition to your IT/data security response. Regulators looking at share price drop off, this shows the need for a rapid, practiced response.
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