Data Protection
Data is increasingly considered the highest valued asset an organization may hold and maintain. Due to global regulatory and financial scrutiny, compliance, data management, and data privacy risks are rising in priority on boardroom agendas, no matter where the organization is domiciled. Boards are being continually reminded how compliance violations and data breaches can negatively impact brand, reputation and financial stability. In this framework, directors are responsible for establishing appropriate governance oversight of management’s efforts in these areas, ensuring that information and metrics are well defined and monitored, prioritizing cybersecurity, and building a culture of data privacy protection. This includes the adoption and oversight of documented policies, standards and controls within the following, often intersecting areas:
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