Organizations cannot survive without information. And every organization that handles personal information — whether for consumers, customers, employees or business partners — faces a number of obligations related to privacy and the protection of that information.
…privacy in recent years is associated with the potential for abuse…
Personal information, in particular, poses a privacy risk. Here we detail the top privacy risks in light of the ongoing changes in the privacy and data protection landscape.
Managing privacy risk in the digital age
Information often imposes obligations to the organization, whether because a law or regulation requires it, or fiduciary duty demands it.
Privacy has an impact on the business risks and compliance of every enterprise, and more so for global entities. Management and boards of directors should ensure that their organizations are adequately positioned to manage privacy across the enterprise.
While privacy in earlier years may have been considered more of a marketing hook, focused on customer preferences, privacy in recent years is associated with the potential for abuse — inappropriate access to or exposure of information resulting in identity theft and fraud. This year we add to these alarming concerns the regulatory changes across the globe, as well as the lingering effect of the economic crisis.
Addressing your privacy risks
Ernst & Young tracks these issues and continues to work with its clients to develop recommendations for addressing the challenges. For more information on how we can make a difference in your organization, contact your local Ernst & Young professional.
