Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Examining the Differences Between Data Privacy and Data Security
Data privacy and data security concerns have been a constant occurrence since humans began using computers. Along with the rapid proliferation of the internet came the commoditization of consumers' personal data. This is a direct consequence of businesses' dependence on data. But, in using the data, companies open themselves up to additional risk. The economic impacts and reputational consequences to businesses are more complex and more significant than ever before. Quickly-evolving global regulations around data protection have triggered sweeping corporate compliance initiatives around the world. Simultaneously, consumers are becoming more knowledgeable about their rights to control access, use, storage and sharing of their personal data. The result is a tremendous responsibility on companies to stand up the necessary processes and controls to protect the personal data of its consumers — immediately. Companies are scrambling to develop a data protection program that aligns with the General Data Protection Regulation (GDPR) and other data protection regulations. As businesses develop data protection frameworks to ensure compliance, it is important for companies to design a data protection program that contemplates data privacy and data security individually, to achieve the most comprehensive data protection program.
Why Should Companies Be Concerned?
Data is a core component of business and companies are continuously accumulating large amounts of data from various sources. Companies need data to meet customer needs and allow businesses to respond to sudden stock market swings and unforeseen events. For many companies, the need to adopt data practices that align with industry standards may be a major driver of corporate strategy. The quantity and depth of enterprise data created within the regular course of doing business requires a non-stop evolution of controls to properly protect and maintain personal data.
A breach of a company's data could significantly impact the livelihood of large or small businesses business; so protecting the data becomes critical to the company's success. A challenge in creating a data protection program is doing so while keeping pace with of emerging technologies and the ever-increasing sophistication of bad actors. An effective data protection program minimizes the amount of personal and/or sensitive data a company has under its control and possession and helps keep confidential data secure. In a worst-case scenario, a data protection program can also help reduce the impact of a data breach by restoring affected data. With so many legal obligations now in place protecting the consumer's privacy and data, it is essential that businesses understand and address data privacy and data security separately before developing a data protection program.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Role and Responsibilities of Practice Group Leaders
Ideally, the objective of defining the role and responsibilities of Practice Group Leaders should be to establish just enough structure and accountability within their respective practice group to maximize the economic potential of the firm, while institutionalizing the principles of leadership and teamwork.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?