As part of the TrustArc Privacy Insight Series, TrustArc SVP, Privacy Intelligence and General Counsel, Hilary Wandall, TrustArc Director, EU Policy & Strategy, Paul Breitbarth, and TrustArc SVP, Products and Engineering, Michael Lin presented the webinar “Assessing Risk: How Organizations Can Proactively Manage Privacy Risk” last week. This blog post will give a brief summary of that webinar; you can listen to the entire webinar and download the slides here.
As organizations begin to ramp up their privacy programs to encompass data processing and data management activities, risk management becomes an increasingly important topic. In this webinar, the panelists discussed:
Risk management relating to privacy for an organization and individual. Main organizational risks from a privacy perspective are; data security, changing legal frameworks, international data flows, and enforcement action and court cases. For individuals, privacy risks are centered on data processing sensitivity, such as the volume of data being processed and shared, the individuals involved in data processing, unnecessary data processing, unexpected secondary data uses, among other risks.
Third-party risks in today’s climate. With the global pandemic of COVID-19 that has forced many people to shelter in place, working from home is subjected to risk management. There is a need to understand risks from third-party technologies and third-party providers. How data privacy is maintained within a home environment such as how printed documents are handled, computer devices used while working, and data storage and clearing are additional third-party risks that need to ..
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