The Data Privacy Vector of Business Risk: Navigating the Emerging Data Risk Frontier for Organizations

“Privacy is a data problem with legal implications, not a legal problem with data implications”.

Debbie Reynolds “The Data Diva”

Many organizations have traditionally considered privacy a regulatory, compliance, and legal risk. However, the convergence of factors such as rising data breaches, a lack of transparency in data handling, and the growing adoption of emerging technologies has resulted in an erosion of customer trust, an increase in data breaches, and dependence on increasingly complex data systems. These forces together are creating a new Data Privacy Vector of Business Risk.

This Data Privacy Vector of Business Risk is created when data problems snowball and create more risks as data is collected, multiplied, duplicated, and used in many areas of an organization. As the data travels and goes deeper into organizations and data systems, the controls can be lost, the memory of the data line can be lost, and the data can be used in ways that are not only bad for individual privacy but also for business.

To minimize these kinds of risks, organizations must shift left, spending more time and attention on data issues before they can become legal issues. Organizations can adopt three strategies to better address the new Data Privacy Vector of Business Risk, which are, data risk prevention, data curation, and data lifecycle sunsetting..

Data Privacy Vector Risk Strategy - Data Risk Prevention

Data risk prevention is the first defense against the Data Privacy Vector of Business Risk. It involves taking proactive steps to identify potential data risks before they manifest into more significant issues. Organizations must implement robust data governance frameworks that include policies, processes, procedures, and technologies designed to protect data by enabling privacy by design thinking to minimize future Data Privacy risks.

Key elements of data risk prevention include:

• Purpose Tracking - Ensuring that the purpose for which data was collected travels with the data throughout its lifecycle. This helps clarify why the data was collected and prevents its misuse.
• High-Risk Use Case Monitoring - Develop a plan to be alert for high Data Privacy risk use cases. This includes identifying scenarios where data usage could pose significant privacy risks and implementing measures to monitor and mitigate those risks.
• Regular Audits and Assessments - Implement audits and assessments regularly to identify high-risk future data uses. These assessments should include technical and non-technical aspects of data handling practices to ensure comprehensive risk identification and mitigation.

Data Privacy Vector Risk Strategy - Data Curation

Data curation involves the ongoing management and oversight of data to ensure its quality, integrity, and compliance with relevant regulations. Effective data curation practices can help organizations mitigate the Data Privacy Vector of Business Risk by controlling their data assets and ensuring that data is used appropriately and responsibly.

Key elements of data curation include:

• Understanding the Context of Proper Data Uses - Understanding the context in which data should be used is crucial for effective data curation. Organizations must ensure that data is used in ways that align with its intended purpose and comply with relevant regulations and standards.
• Minimizing Data Redundancy - Avoiding unnecessary data duplication across systems helps maintain data integrity and reduces Data Privacy risks. Implementing practices that ensure data is captured and used appropriately across the organization is essential.
• Data Stewardship - Assigning data stewards responsible for overseeing the management and use of specific data assets can help ensure accountability and reduce Data Privacy risks. Data stewards should deeply understand the data they manage and ensure that it is used according to organizational policies and standards. Also, it will be vital for data stewards to understand how data flows and is used in other parts of the organization to have a more holistic view of data risks.??

Data Privacy Vector Risk Strategy - Data Lifecycle Sunsetting

Data lifecycle sunsetting involves the systematic and deliberate process of retiring data that is no longer needed or relevant. Data within organizations with low business value often presents some of the highest Data Privacy risks for organizations. By implementing robust data lifecycle sunsetting practices, organizations can reduce the amount of data they hold, minimizing the potential risks associated with data storage and use.

Key elements of data lifecycle sunsetting include:

• Data Retention Policies - Establishing clear data retention policies that specify how long different data types should be retained can help organizations manage their data more effectively. These policies should be based on regulatory requirements, business needs, and best practices for data management.
• Regular Data Deletion - Implementing regular processes for deleting no longer needed data can help ensure that data is removed promptly and consistently. This reduces the risk of retaining data beyond its useful life and minimizes the potential for data breaches, unauthorized access, or data misuse.
• Data Anonymization - Anonymizing data can further protect individual privacy by ensuring that it cannot be traced back to specific individuals. This process involves removing or obfuscating personally identifiable information (PII) or personal data from datasets.

Navigating the emerging Data Privacy Vector of Business Risk requires organizations to adopt proactive and comprehensive strategies to mitigate potential data-related issues before they escalate into significant legal risks. By prioritizing data risk prevention, organizations can ensure robust data governance and prevent misuse of collected data. They can maintain data integrity and compliance through diligent data curation while minimizing redundancy and ensuring responsible data use. Implementing effective data lifecycle sunsetting practices allows organizations to systematically retire unnecessary data, reducing potential privacy risks. Embracing these strategies not only safeguards individual privacy but also fortifies business resilience against the multifaceted challenges posed by evolving data landscapes and helps organizations make Data Privacy a Business Advantage.

Do you need Data Privacy Advisory Services? Schedule a 15-minute meeting with Debbie Reynolds, The Data Diva.

Need a Keynote Speaker on "Data Privacy", Data Protection, and Technology issues? View our keynote speaker page for popular talks and topics. Ready to speak to "The Data Diva" about your speaking event? Fill out our speaker request form and Schedule a call now .

Debbie Reynolds "The Data Diva" Keynote Addresses

I'm thrilled to extend my heartfelt thanks to Volkswagen Credit, USDA, Ally Financial, National Grid, Lawrence Livermore National Laboratory, Northwestern Mutual, PayPal, Coca-Cola, FRTIB, Hewlett Packard Enterprises, WestRock, Capital Group, Johnson & Johnson, Uber, S&P Global, FDIC, DHL Supply Chain, The Erikson Institute, and Rubrik for the privilege of being your Keynote Speaker. Your commitment to innovation and excellence is inspiring, and I'm honored to have contributed to your events.

Do you need a Data+Privacy+Technology Keynote or Workshop? Here is the #1 most requested Data Privacy Keynote and Workshop for 2024:

"Safeguarding Data in the AI Era: Leveraging Data Privacy, Provenance, and Lineage Strategies in the Enterprise"

Do you need a Keynote or workshop? Schedule a 15-minute meeting with Debbie Reynolds, "The Data Diva", to discuss your needs.

The Pact Data Privacy Trust Framework

Debbie Reynolds, "The Data Diva", launched the PACT "Data Privacy" Trust Framework & Scorecard. This Framework can evaluate regulatory and business risk and the Trust of individuals around "Data Privacy". This is a gut check for organizations of all sizes to rate and triage their "Data Privacy" challenges. This Framework addresses Purpose, Alignment, Context, and Transparency. Watch this video to learn the basics as Debbie Reynolds explains the PACT Data Privacy Trust Framework & Scorecard in 6 minutes.

Download our four-page PACT Framework Document here!

Visit our website to learn more about the PACT Data Privacy Trust Framework & Scorecard .

?? “The Data Diva” Talks Privacy Podcast Hits 350,000+ Downloads! ??

?? I am thrilled to announce that Debbie Reynolds and "The Data Diva" Talks Privacy podcast has reached a major milestone - 350,000+ downloads as of August 2024! ??

?? I want to thank our amazing listeners from over 118 countries and 2,509+ cities worldwide. Your support and enthusiasm have been nothing short of extraordinary! Also, I want to recognize The Data Privacy Advantage Newsletter's 13,100 + subscribers who faithfully read, comment, and share our work. ??????

Here are more of our accolades:

• #1 Data Privacy Podcast Worldwide 2023 (Privacy Plan)
• The 10 Best Data Privacy Podcasts In The Digital Space 2024 (bCast)?
• Best Data Privacy Podcasts 2024 (Player FM)
• Best Data Privacy Podcasts Top Shows of 2024 (Goodpods)
• Best Privacy and Data Protection Podcasts of 2024 (Termageddon)
• Top 40 Data Security Podcasts You Must Follow 2024 (Feedspot)

Watch a video short of our podcast on Tuesday, August 6, 2024, The Data Diva E196 - Michael Clark , Data Scholar and Author of the Book, “Data Revolution, The Rise of an Asset”. Here is a sneak preview of our Data Diva Podcast guests:

• Tuesday, August 6, 2024, The Data Diva E196 - Michael Clark , Data Scholar and Author of the Book, “Data Revolution, The Rise of an Asset”
• Tuesday, August 13, 2024, The Data Diva E197?- Matthew Lowe , Senior In-House Attorney,? Data Privacy & AI, and Adjunct Professor of AI Ethics, Legal Studies Department, University of Massachusetts Amherst?
• Tuesday, August 20, 2024, The Data Diva E198 - Giulia Carna , Global Senior Data Protection Counsel, ACI Worldwide (United Kingdom)
• Tuesday, August 27, 2024, The Data Diva E199?- John Cavanaugh , Executive Director & Privacy Evangelist, The Plunk Foundation?

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Many thanks to "The Data Diva" Talks Privacy Podcast Sponsor and Privacy Visionary, Smartbox AI, for sponsoring this episode and supporting our podcast. Smartbox.ai , named British AI Company of the Year, provides cutting-edge AI, helps privacy and technology experts uniquely master their Data Request challenges, and makes it easier to comply with Global data protection requirements, FOIA requests, and various US state privacy regulations. Their technology is a game-changer for anyone needing to sift through complex data, find data,? and redact sensitive information. With clients across North America and Europe and a major partnership with Xerox, Smartbox.ai is bringing its data expertise right to our doorstep, offering insights into navigating the complex world of global data laws. For more information about Smartbox AI, visit their website at https://www.smartbox .

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Many thanks to "The Data Diva" Talks Privacy podcast supporter Integral, a group that is revolutionizing health data compliance. Top tech and pharma leaders trust Integral's Privacy Workbench platform to simplify and speed up the expert determination process, ensuring compliant de-identification of sensitive datasets. No more guesswork about privacy risks or remediation options—Integral’s continuous monitoring keeps your data consistent and secure. Curious to streamline your data collaboration efforts? For more information about Integral, visit their website's Data Diva Link: https://why.useintegral.com/thedatadiva

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Many thanks to our Award-winning podcast sponsor, Safeguard Privacy, for offering a "Data Diva" exclusive offer! Get 15% off the first year of Safeguard Privacy compliance software using the code: DATADIVA15%

Courtesy of August 2022 Data Diva Podcast Guest Gal Ringel and Mine PrivacyOps, we are pleased to offer an exclusive discount to organizations. Thank you to our sponsor, Mine Privacy Ops, The first platform dedicated to handling Data Privacy operations while placing consumers and user experience at the center. #1 highest-rated Data Privacy Management Software, the #1 highest-rated DSR/DSAR Software, and the #1 highest-rated Sensitive Data Discovery Software in the industry on G2, the leading business software and services reviews platform. Use Mine PrivacyOps as your organization's Data Privacy management solution and receive a 20% discount on DSR, Data Mapping, and ROPA modules.

*To get the discount, contact [email protected] and add?Datadiva20 to the subject line.

Technics Publications?has graciously offered a Data Diva Promotion. Anyone who uses the coupon code?TheDataDiva?receives 20% off. The Promotional code is good for all books on the website, except DMBOK books. Visit the Technics Publications website now to take advantage of this offer.

Need a publication discount on Data Privacy books and digital products? Purchase any products (including Data Privacy books) from the Manning Publications website, and you can use?The Data Diva's permanent 35% discount code (good for all our products in all formats) using the following code at checkout: poddatadiva22

Need a VPN, Internet Controls, and Virus Protection? Data Diva Podcast alumni guest for episode 60 , Brad Hawkins , CEO of SaferNet ,?has a special offer!?SaferNet provides a very easy-to-use 3-in-1 device-level Cyber Safety protection solution, including an award-winning VPN, Internet Controls, and Virus Protection. SaferNet is ideal for individuals and small to medium-sized businesses who want reliable data protection. "The Data Diva" herself loves the product!?Go to https://www.safernet.com/ and buy an annual SafeNet plan for 25% off, which can be paid monthly or annually using the case-sensitive code: datadiva

Need a Privacy-Friendly Internet Browser extension? Data Diva Podcast alumni guest for episode 28 , Kelly Finnerty , Director of Brand and Content at Startpage, has a special offer! If you want more control over your Data Privacy and less behavioral tracking while surfing the Internet, look no further.

Install Startpage Privacy Protection Extension for Chrome and Firefox: Install the link here

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See our recently featured five-minute videos on Data Privacy from The Data Diva:

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Many thanks to the press organizations and reporters who seek my commentary on important events around Data Privacy. Also, here are links to some of my other media collaborations. Here is a collection of a few of my 2023-2024 media mentions and collaborations:

• ?? Oracle ’s $115 Million Privacy Settlement Could Change Industry Data Collection Methods by Evan Schuman - CIO Online ??Thanks to Evan Schuman for quoting Debbie Reynolds , "The Data Diva", in an article about Oracle's recent $115 million privacy settlement. The implications of this settlement are explored in detail in an article published on July 23, 2024
• ?? The Pros and Cons of Receipt Apps to Earn Extra Cash: You can get paid for turning over copies of your receipts. Is it worth it???Thank you to Marc Saltzman , the article author for AARP , Published July 17, 2024In this article by AARP, Debbie Reynolds, “The Data Diva,” shared insights on the growing use of receipt apps and their impact on our privacy. As more consumers turn to these digital tools for convenience, it's crucial to understand the potential risks and benefits.
• ?? Dive into the thrilling world of AI and data privacy with Debbie Reynolds, "The Data Diva", in Season 7, Episode 5 of Notes to My (Legal) Self! ??with Olga V. Mack .
• Many thanks to Ecosystems 2030 in Coru?a, Spain, for having Debbie Reynolds , "The Data Diva," as a speaker in June 2024. The topic of our TedX Style session was “Future of Privacy” and will include: ??Debbie Reynolds , The Data Diva, CEO, Debbie Reynolds Consulting, LLC ??Victoria Beckman , Associate General Counsel - Security & Privacy, Shopify ??Tuelay Kiyildi , Senior Director, Legal Counsel, Europe, The Coca-Cola Company ??Onur Korucu , Managing Partner, GovernI??

• ?? Debbie Reynolds, “The Data Diva,” shares an abbreviated recent presentation, "The Internet of Things (IoT), Data Privacy, and Connected Vehicles," given to the US Department of Commerce IoT Advisory Board in May 2024! Key Statistics:??95% of passenger cars sold are likely to have embedded connectivity by 2030??91.7% of U.S. households owned at least one vehicle in 2022??39% of consumers consider Data Privacy highly important during the vehicle shopping and ownership experience??72% of drivers are uncomfortable with automakers sharing their data with third parties??71% of drivers would consider buying an older car or one with less technology to protect their privacy and security??140% increase in vehicle cyberattacks from 2020 to 2021??For $2, a cybercriminal can buy a customer's personal car data and vehicle identity on the dark web??1 in 13 cyberstalking incidents include the use of GPS technologies.
• ???? Debbie Reynolds , “The Data Diva”, Talks to the “Business School of AI ” about car privacy issues on the WeeklyWed session in June 2024. In this session, I discuss my research and the growing concerns about data privacy in connected vehicles. Watch the 1-hour video interview here: https://lnkd.in/gfCAcfaN
• ?? Debbie Reynolds, “The Data Diva”, had an amazing time speaking at the Influence AI Cybersecurity Leadership Forum in Chicagoland on May 16, 2024! ??? It was a pleasure to spend time with Dawn Kristy “CyberDawn” and Gina Gianikos The Mindfluance Mastermind??! In my talk, "Data Provenance, Data Lineage, and AI," I delved into the complexities of data management and highlighted how these elements are crucial for effective AI implementation and cybersecurity. ????If you missed it, I am sharing the slides here .
• ?? Learn Data Privacy Insights from Debbie Reynolds , “The Data Diva”, on the InfoSec Institute Podcast! ???Here is my latest podcast appearance on the Cyber Work InfoSec Institute Podcast with host Chris Sienko ! ?? Join me as I dive deep into the world of data privacy, exploring crucial insights and practical tips to protect your data in today's digital age. ?????? Read the article or listen to the podcast:https://lnkd.in/gBTeMYUs
• ?? Listen to Debbie Reynolds, “The Data Diva”, and Leonard Lee of neXt Curve talk about the latest in privacy tech news ?? On the privacy front, two announcements rose from the noise: Microsoft’s Recall and Apple’s Apple Intelligence. Check out the audio version on BuzzSprout - https://lnkd.in/gQ__9Rw8
• Listen to The "AI or Not" Podcast with Pamela Isom : Inaugural Guest - Debbie Reynolds , “The Data Diva”. Listen to this episode on your podcast directory of choice: https://lnkd.in/g36qwDXU
• ??Sharing this interview from VPNRanks: Debbie Reynolds ‘The Data Diva’ Reveals Key Insights on Data Privacy in Exclusive Interview with VPNRanks? ??I recently did with VPNRanks, where I dive deep into the critical topic of Data Privacy! ?????Read the article here: https://lnkd.in/g73ShGPt
• Debbie Reynolds , "The Data Diva," speaks with Heidi Saas at "The worst thing you have seen working in Privacy- try and shock us!!" in June 2024 - ??Click here to see the replay!
• ?? Tune in to the TechTalks channel to hear Data Privacy Expert Debbie Reynolds, "The Data Diva," & Technology Editor Stephen Lawton discuss the evolving landscape of U.S. privacy laws, emerging trends, and key insights for CISOs. Don't miss the complimentary webinar on demand! https://bit.ly/4aQ8Tnf
• Many thanks to VPNRanks for including Debbe Reynolds, “The Data Diva,” in an article called ”2024 Data Privacy Statistics by VPNRanks: 3 in 10 Internet Users May Face Data Leakage by 2024 by VPN Ranks.” ? This article contains amazing statistics on Privacy and emerging technology uses.? AI is predicted to contribute to 3 in 10 internet users facing data leakage, raising breach costs to $4.56 million. Despite these risks, 56% of companies are predicted to adopt AI for data privacy by 2024. They have discussed the essential statistics shaping this year's Data Privacy landscape. Access the article here: https://www.vpnranks.com/resources/data-privacy-statistics/#experts-insight

”With more data from humans and the rapid adoption of AI technologies, organizations will need to think about Data Privacy as a business problem and a business risk.” – Debbie Reynolds in VPNRanks Article

• Many thanks to PrivSec Global for hosting Debbie Reynolds, “The Data Diva”, for two sessions, "Beyond Regulation: How Data Privacy Can Influence Organizational Data Strategy in the AI Era" and "Privacy by Design: Crafting Effective Strategies for a Results-Driven Privacy Program." ??See the replay here: https://lnkd.in/dmbT2U_e
• ??Many thanks to Duality Technologies for Hosting Debbie Reynolds, “The Data Diva”! On the Webinar: Unlocking Growth in AI and Data with Privacy Technologies Host: Duality Technologies ?? Speakers: Derek Wood (moderator) Senior Director Product Marketing & Marketing, Duality Technologies, Debbie Reynolds, "The Data Diva", Alon Kaufman , CEO, Duality Technologies Gary Givental , Chief AI Architect, IBM. ?? see the replay here: https://lnkd.in/gcgW_Bbw
• ?? Are you in Public Sector Data Access Request Hell ???!? If so, watch Debbie Reynolds, "The Data Diva", and my esteemed co-panelists for a complimentary one-hour on-demand webinar called ??Data Requests Decoded: Automated Solutions for Public Sector IT and Privacy Professionals Dive Deep into Innovations in Data Redaction and Compliance. This event is tailor-made for U.S. public sector IT and privacy professionals navigating the complex terrains of FOIA, FERPA, HIPAA, and DSAR under U.S. State privacy laws.? What to Expect:?: Understand the intricacies of current legal obligations related to data requests.? Explore state-of-the-art technologies for secure data request handling and redaction management. Learn how to streamline your compliance processes more effectively.?? Meet Our Panelists:? Darren Spence , CRO at Smartbox.ai ? Debbie Reynolds , “The Data Diva”, Data Privacy and Emerging Technologies Expert at Debbie Reynolds Consulting, LLC ? Greg Tennyson, MBA , VP Technology Services at Xerox ?? Join us to transform your approach to public data requests, ensuring accuracy, efficiency, and compliance. ????Watch the session on demand here.
• Many Thanks to Startpage for including Debbie Reynolds, “The Data Diva”, as part of their Data Defenders Series. How can we begin to prepare for the privacy threats that emerging technologies like AI are already posing? StartPage exposed this and other questions to Global Data Privacy and Protection expert Debbie Reynolds in this week's Data Defenders, and she had some insightful advice in response, so watch the video here: https://lnkd.in/grpDwExF
• Many thanks to Legaltech News and journalist Isha Marathe for quoting Debbie Reynolds, “The Data Diva”, in an article called, “With AI Training, Data 'Anonymization' Runs Risk of Becoming a Fig Leaf”
• Many thanks to the beyond-talented and tenacious Aarna Sahu who hosts Aarna's News a podcast about women in STEM for interviewing Debbie Reynolds, “The Data Diva” on her program as episode 86 !
• Many thanks to PEAK IDV LIVE for featuring Debbie Reynolds , "The Data Diva", in the Season 3 premiere episode of the PEAK IDV EXECUTIVE SERIES VIDEO PODCAST . See the Video interview here!
• Debbie Reynolds, “The Data Diva", received the Community Champion Award ?? in the 2024 Privacy First Awards hosted by Transcend in January 2024. Congratulations to Transcend's recent $40 million funding in May 2024.
• Many thanks to Juan Carlos for featuring Debbie Reynolds, "The Data Diva", as one of the Top 40 Women in AI, ML, and Data Science International Women’s Day 2024 Edition!
• Thank you, Todd Fitzgerald, for including Debbie Reynolds, “The Data Diva”, as part of this stellar group of privacy and data professionals. It was my pleasure to contribute to this book. "The Privacy Leader Compass".

• Join Debbie Reynolds, “The Data Diva”,?and Leonard Lee , the Executive Analyst and founder of neXT Curve ,?for a new podcast series called "The State of Privacy and Trust".?We will regularly address the critical topics related to #privacy and the growing concerns regarding #trust that is challenging every aspect of our society and lives.?See the latest called The neXt Curve reThink Podcast, Data Diva 911! The CrowdStrike "Outage" and more (with Debbie Reynolds). ?Topics include:
• ?? CrowdStrike "outage" - what happened and what is it? (02:03)
• ?? The cybersecurity incident forgotten - AT&T data breach (24:00)
• ?? Google's reversal on the elimination of cookies for privacy (30:27)
• ?? Oracle settles and resets on their data brokerage business (38:55)

Subscribe to the neXT Curve YouTube Channel to get notified when new episodes are posted.

#privacy #cybersecurity #datadiva #dataprivacy

Please see our website media mention section for a full list of media mentions.

We're excited to announce the launch of Pamela Isom 's new podcast, "AI or Not," produced by Data Diva Media!

"AI or Not" is the podcast where digital transformation meets real-world wisdom. Hosted by Pamela Isom, a seasoned leader with over 25 years of experience in guiding businesses through digital disruption and transformation, this show explores the intersection of artificial intelligence, innovation, cybersecurity, ethics, and technology. With awards recognizing her as a change agent and digital disruptor, Pamela brings a wealth of knowledge and insight to the table.

The show demystifies the complexities of AI and emerging technologies, shedding light on their impact on business strategies, governance, product innovations, humanity, and societal well-being with esteemed guests from around the globe. Whether you're a professional seeking sustainable growth, a leader navigating digital ethics, or an innovator striving for meaningful impact, "AI or Not" offers insights, experiences, and discussions to illuminate your path in the digital age.

"AI or Not" Listen to and subscribe to this podcast.

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