Revolutionizing Data Privacy With Chief Privacy Officers
Discover how chief privacy officers (CPOs) can save your organization’s reputation by eliminating the issue of data breaches.
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In the early 2000s, many companies and SMEs had one or more C-suites that were dedicated to handling the IT security and compliance framework, such as the Chief Information Security Officer (CISO), Chief Information Officer (CIO), and Chief Data Officer (CDO). These IT leaders used to team up as policymakers and further implement rules and regulations to enhance company security and fight against cyber security.
But looking at the increased concerns over data privacy and the numerous techniques through which personal information is collected and used in numerous industries, the role of chief privacy officer, or CPO, has started playing a central role in the past few years as an advocate for employees and customers to ensure a company’s respect for privacy and compliance with regulations.
The CPO’s job is to oversee the security and technical gaps by improving current information privacy awareness and influencing business operations throughout the organization. As their role relates to handling the personal information of the stakeholders, CPOs have to create new revenue opportunities and carry out legal and moral procedures to guarantee that employees can access confidential information appropriately while adhering to standard procedures.
How the CISO, CPO, and CDO Unite for Success
To safeguard the most vulnerable and valuable asset, i.e., data, the IT c-suites must collaborate to create a data protection and regulatory compliance organizational goal for a better success rate.
Even though the roles of C-level IT executives have distinct responsibilities, each focuses on a single agenda of data management, security, governance, and privacy. Therefore, by embracing the power of technology and understanding the importance of cross-functional teamwork, these C-level executives can easily navigate the data compliance and protection landscape in their organizations.
For a better simplification of the process and to keep everyone on the same page, C-suites can implement unified platforms that will deliver insights, overall data management, and improvements in security and privacy.
Organizational data protection is a real and complex problem in the modern digitized world. According to a report by Statista in October 2020, there were around 1500 data breaching cases in the United States where more than 165 million sensitive records were exposed. Therefore, to eliminate such issues, C-level leaders are required to address them substantially by hiring a chief privacy officer (CPO). The importance of the chief privacy officer has risen with the growth of data protection in the form of security requirements and legal obligations.
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