Corporations are struggling to store, understand, and manage mind-bogglingly huge volumes of information. By getting a firm grip on their data, businesses are in a better position to meet legal requirements, and will benefit from the resulting advantages associated with organizing their data, such as reduced storage costs and increased efficiency.
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In the wake of massive breaches, the Cambridge Analytica scandal and the General Data Protection Regulation (GDPR) going into effect, all 50 states now have data breach laws in place. However, Colorado just passed the “Protections for Consumer Data Privacy,” which now sets the bar as the most stringent requirements in the U.S. This law substantially tightens reporting requirements for organizations hit by a data breach and requires much firmer measures be taken to protect consumers’ personal information.
read more The 2018 Bloomberg Law Leadership Forum in New York included a robust agenda covering the current regulatory priorities, corporate legal risks and the tools counsel have at their disposal to address them. Keynote speakers included Jay Clayton, Chairman, U.S. Securities and Exchange Commission and Rod Rosenstein, Deputy Attorney General, U.S. Department of Justice. Participating in the day provided rare access to current perspectives from thought leaders that matter to our industry.
read more The Sedona Conference, a nonprofit dedicated to the advanced study of law and policy, released its Data Privacy Primer in January 2018. The Working Group on Data Security and Privacy Liability, one of the sections of the Sedona Conference working to create best practices and guidelines for the legal community, developed the primer to identify and comment on trends in data security and privacy law, helping organizations prepare for and respond to data breaches, and the legal community assess questions of liability and damages.
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