- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Components from preexisting privacy laws are likely to compose a significant portion of the parameters into which a federal privacy mandate would fit, writes our guest columnist.
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Senator Kirsten Gillibrand (D-N.Y.) has introduced legislation to create a “Data Protection Agency” in the United States in order to oversee and enforce federal privacy mandates.
Establishing an effective and compliant data privacy plan isn’t easy considering insufficient U.S. regulation, flaws with the EU’s GDPR, and Big Data feeding the beast.
Results from a recent Compliance Week survey on data privacy show how companies are prepping for data protection laws in the United States, despite concerns of what just such laws will entail.
Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack thereof) between data privacy and cybersecurity, and many others.
Anne Morriss, co-author of “Move Fast and Fix Things,” advises compliance officers to tap into curiosity, communicativeness, and comfort with discomfort to build organizational trust, fast.
Regulators and government agencies often speak to the value of empowered corporate compliance programs to advancing their mission. Why not practice what they preach by empowering compliance among their own ranks?
