Ethics checks and balances within an organization lower risks for everyone involved. Learn more in an interesting The Next Web article: . When a company makes headlines for mismanaging user data, much of the discussion will revolve around legal implications: whether or not the company’s privacy policy and terms of service cover the data usage in question. The ethical implications of a breach may not be thrust as deeply into the spotlight. Today, however, GDPR and similar privacy laws, such as the upcoming California Consumer Privacy Act (CCPA) are driving companies to consider ethics as a competitive edge. More innovative players will look to differentiate themselves from their competition by organizing ethical review committees, ethics teams, and data ethics officers to formally consider the implications of algorithms and machine learning on customer trust and business outcomes. Individuals in roles such as CIO (Chief Information Officer) and IT Director have a vast responsibility when it comes to enforcing ethical data use. These individuals must oversee appropriate data management while enabling their organizations to turn this information into business value. The link for this article located at The Next Web is no longer available. . When organizations neglect to handle consumer information properly, they face legal consequences, but emphasizing ethical practices is crucial for achieving long-term success.. Data Ethics, User Privacy, Corporate Governance. . LinuxSecurity.com Team
At a recent seminar on information security management, I heard that FUD (fear, uncertainty and doubt) is dead, that ROI is dead and that the insurance model is dead. Information security needs to give business value. This sounds like a terrific idea, but the lecturer was unable to provide a concrete example similar to purchasing justifications that companies use like: "Yes, we will buy this machine because it makes twice as many diamond rings per hour and we'll be able corner the Valentine's Day market in North America." . The seminar left me with a feeling of frustration of a reality far removed from management theory. Intel co-founder Andy Grove said, "A little fear in an organization is a good thing." So FUD apparently isn't dead. This article will help guide Computerworld readers from a current state of reaction and acquisition to a target state of business value and justification for information security, providing both food for thought and practical ideas for implementation. The link for this article located at ComputerWorld.com is no longer available. . Justifying security expenditures requires a deep understanding of ROI and business value, incorporating risk assessments, benchmarking, and performance metrics.. Information Security Investments,Budgeting for Security,Risk Management Strategies. . LinuxSecurity.com Team
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