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Understanding Data Privacy and Risk Management

As modern infrastructure has become digitally transformed, privacy becomes an integral aspect. With the Cloud becoming a prominent space for markets to venture, the use of mobile and data analytics has considerably increased.  Innovators have repeatedly emphasized privacy as an integral part of the product life cycle. It plays an important part in critical decision making, product design, and service offerings.

A great momentum has recently begun regarding data privacy, with international governments and regulatory agencies taking matters into their hands. They are now poised to build upon important work completed by private sector companies. A fitting example of this comes from the U.S. Federal government’s recent move to efficient data privacy management. This is supported by a Presidential Executive Order. The U.S. Executive Order arrived on the heels of the EU-U.S. Privacy Shield agreement. Although the focus is on privacy, these recent developments also reinforce the importance of cross-Atlantic data flows to ongoing economic development.

To understand privacy in a better manner, it is important that we understand the U.S. President’s message on privacy:

Protecting privacy in the collection and handling of this information is fundamental to the successful accomplishment of the government’s mission. The proper functioning of government requires the public’s trust, and to maintain that trust the government must strive to uphold the highest standards for collecting, maintaining and using personal data. Privacy has been at the heart of our democracy from its inception, and we need it now more than ever.

This isn’t just a U.S. concern, but government and regulatory agencies in Europe are also opting for strict measures to ensure that citizen data is protected and safeguarded. The upcoming General Data Protection Regulation (GDPR), which the European Union is all set to enforce in 2018, will act as a check on data privacy and regulation.

You can read more about GDPR Compliance in this blog.

According to the privacy pact signed between EU and U.S., consumer and employee information is worthy of protection. It also entitles citizens to fully and securely benefit from the evolving digital era. As an end objective, the pact observes empowering both the personal and professional growth of citizens.

Managing Organizational Privacy and Risk Regulating as a Career

For professionals who wish to develop and advance their careers in risk management or privacy regulation, IAPP resources from the International Association of Privacy Professionals provide the essential skills to navigate the future regulations and requirements. Industry professionals develop key abilities to manage and handle data with IAPP’s specialized courses. IAPP offers the following three certification tracks:

To learn more about data privacy and risk management, visit our  International Association of Privacy Professionals resource information guide.