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.
Ways a Chief Privacy Officer Can Help IT Companies
For a robust data privacy and data security plan, a CPO needs to collaborate with other C-suite executives. With the alarming concerns of data breaches, CPOs have more responsibilities than just safeguarding stakeholder data through government rules and regulations. Therefore, to be a guide and educate other C-suites and employees in a company, consider creating an executive position for CPOs.
Stay on Top of Data Privacy Regulations
Government data protection regulations such as the General Data Protection Regulation (GDPR), the Digital Personal Data Protection Act of 2023 (DPDP), the Health Insurance Portability and Accountability Act (HIPAA), and the California Consumer Privacy Act (CCPA) are proposed to eliminate the challenges and complexities that IT companies are facing related to data security and allow customers to have control over their data. Therefore, to stay ahead of the game, CPOs need to understand and adhere to the new laws and regulations that are being passed and implemented in IT companies and ensure that employees are adhering to privacy policies and company policies to understand which legislation is applied to which section of data privacy. Through periodic internal team training sessions, achieving transparency, consistency, and communication helps the stakeholders of the company make swift decisions and stay in the loop in case of any discrepancy.
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).
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