Data Governance: How to Tackle 3 Key Issues – BankInfoSecurity

The ease of digitally storing and monetizing personal information has now run up against the rights of consumers to access and in some sense, reclaim ownership of that data,”

via Data Governance: How to Tackle 3 Key Issues – BankInfoSecurity

Shift in Concept of Privacy

Privacy requirements have changed dramatically as a result of GDPR and CCPA, says Rafael Moscatel, managing director at Compliance and Privacy Partners, a California-based consultancy.

“The ease of digitally storing and monetizing personal information has now run up against the rights of consumers to access and in some sense, reclaim ownership of that data,” he says. “That’s a paradigm shift that introduces a number of logistical burdens that some organizations, even relatively new ones, are not prepared to deal with.”

Moscatel says organizations need to identify and adopt appropriate privacy best practices.

“A solution needs to be proportional to an organization’s true risk, and while it must meet certain standards, your compliance professionals, data fulfilment service teams and IT support must be able to work with each other and speak the same language. It’s not as simple as throwing together a data map,” he says. “It’s not just collecting the metadata; it’s understanding the relation of the attributes not simply from a database perspective but from an ethical one.

Author: Rafael Moscatel

Rafael Moscatel is an author and motivational speaker. As a strategic business advisor, Rafael has over twenty years of experience leading successful digital transformation programs for the Fortune 500 including Paramount Pictures and Farmers Insurance. He is also the author of Tomorrow’s Jobs Today: Wisdom and Career Advice from Thought Leaders in AI, Big Data, Blockchain, The Internet of Things, Privacy, and More, from John Hunt Publishing. His new book, a memoir, will be published next year.

Leave a Reply