Global Privacy Management: Convergence of Privacy into Compliance Lisa Sotto, Partner, Hunton & Williams LLP Privacy and data security breaches have made headlines around the world for several years and these high-profile cases have demonstrated just how serious the financial, legal, and reputational consequences can be for the corporations concerned. More complex regulation coupled with heightened awareness of the attendant risks have increasingly made privacy a legal compliance issue, rather than simply good business practice. This has raised questions about whether privacy officers need to be attorneys, about the most effective reporting structures and where privacy as a field is headed. Rapidly emerging issues like records management – driven especially by e-discovery, business continuity/recovery, and secure disposal of records – mean that privacy is now spanning a number of apparently convergent fields, such as law, information security, and compliance. How privacy roles are evolving, how and why convergence is occurring, and how organizations should incorporate an effective privacy focus into their compliance & ethics programs are questions at the heart of this panel’s discussion.
|