Blog - risk mitigation process

Episode 9: Privacy in Partnership

On this episode of the On Your Radar podcast, we’re joined by Lauren Wallace, Chief Privacy Officer at RadarFirst. Following a discussion from VISION24 with Abby Martinez, privacy officer at Walgreens, and Erik Rahman, privacy director, HCSC, Lauren digs into key insights they shared to build a case for privacy incident management within your organization.

How Do You Define Privacy Risk?

As breach costs increase, how does an organization decide where to invest its finite funds? And how do you define privacy risk? There’s one area where the data is clear: incident response. Forming a cross-functional IR team and empowering them with the right tools can have a huge financial impact on breach costs for a relatively small expense.

Blazing the Paper Trail: Risk Mitigation through Incident Response Documentation

According to Red Clover Advisors founder, CEO, and consultant Jodi Daniels, risk mitigation through incident response documentation is key. After the rush of incident response, the focus is typically on investigation, assessment, and notification to meet regulatory deadlines. After that rush ends, however, documentation is the answer to mitigating multiple risks.

Reduce Privacy Risk to Build Investor Confidence

Armed with tools and their in-depth understanding of the organization’s privacy risks and requirements, the privacy team can conduct tabletop exercises to assess the most likely worst-case scenarios, providing valuable insights to executive decision-makers.

Privacy Regulatory Trends: Personal Information and Biometric Data Privacy Laws

As more states seek to regulate and protect biometric data, companies that collect, use and store biometric data should consider creating and implementing policies and procedures that incorporate the appropriate security, notice, and consent requirements, even if they are not currently required to do so by law. However, until all 50 states amend their definitions of personal information to include biometric data, privacy leaders must navigate a patchwork of laws and regulations when performing incident risk assessments.

Regulatory Trends: Texas Data Breach “Wall of Shame”

For privacy and compliance leaders, notifiable privacy data breaches aren’t ideal, but they are necessary. In September 2021, Texas house bill House Bill 3746 will allow the state attorney general to publicly list organizations who have issued data security breach notifications. At an important moment for privacy regulation, does this regulatory environment encourage organizations to notify when obliged, or does it discourage compliance with legislation?