If the recent Equifax breach has proven anything, it’s that data privacy needs to be made a higher priority for businesses. Combined with the massive Yahoo hack, it has been a one-two punch to cybersecurity that puts data privacy into the public consciousness. In an article for ZDNet, Mark Samuels gives some ways you can help make privacy a priority in your company:
- Make privacy and protection core to your business strategy.
- Use the establishment of digital security as a competitive advantage.
- Recognize that effective data privacy is a team sport.
- Create cross-department privacy working groups.
In the past, data security was viewed as a sort of money pit that gobbled up all the cash thrown at it. Privacy and protection should be at the core of your business decisions. This area can be used as an area to innovate and create new growth. But even if you are not looking to push the envelope in this space, you still need to be doing more. For instance, using multiple security suppliers can create a more resilient system overall. Samuels also says that data privacy is a group effort and requires some experimentation:
[Laurent Christoph, experience strategist at Lloyds Banking Group] advises his IT leadership and business peers to identify the most customer-centric people in their organisations. He suggests bringing these people together and finding out how they can collaborate to improve the business view of the customer. Then, he advises peers to experiment.
“Doing is better than thinking – prototyping solutions and finding out how your customers might respond is the best idea,” says Christoph. “Creating a strategy for privacy is also an iterative process. You might not get it right first time but you need to start working on privacy and you need to keep developing you approach.”
This effort requires cross-department work to ensure the most experienced people can aid customers and tackle issues that arise.
For a full explanation, you can view the original article here: http://www.zdnet.com/article/money-pit-to-money-maker-making-privacy-and-security-a-competitive-advantage/