Today is Data Privacy Day, and if as a business you were not exactly aware of that it might be because of the perception that data privacy is really just a consumer issue. Alas, it is not, and the Information Systems Audit and Control Association (ISACA) is making an effort to promote data privacy awareness and knowledge among businesses and government organizations.
ISACA has announced a global task force, the Privacy Advisory Task Force, to research relevant issues and guide IT security, risk, governance and assurance professionals in managing their online information with privacy goals in mind. ISACA pointed out that compromised data costs the average organization about $5.5 million per year, and that cost is only likely to increase as more online information is spread via mobile devices and cloud services, and more parties collect and intend to share information.
ISACA said the issue is particularly critical as business people travel internationally. Most companies do not have policies about how much and what sensitive information is retained on their employees' mobile devices as they travel throughout different countries. The association plans to announce task force members in multiple regions throughout the world next month.
The efforts of ISACA and others are noble, but they are also working against the efforts of some Internet giants and major brands to gain greater access to information about online user behaviors. For example, Facebook and Netflix (Nasdaq: NFLX), among others, benefited from the U.S. Senate's recent adjustment to the Video Privacy Protection Act to loosen limits on information about the video content people are viewing online.
-see this press release
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