Complacency is the enemy of progress. This is especially true in dynamic, constantly changing landscapes such as data privacy. As a result, Data Privacy Officers who have undergone DPO certification understand that staying on top of industry trends and insights is a must if they want to protect their organizations.
Here are a few emerging trends that DPOs should keep an eye on for the rest of 2020 and as we move forward to 2021:
Companies are taking third-party risk management seriously
Many companies choose to work with third-party vendors for their data privacy needs. However, third-party data breaches have been firmly in the spotlight in recent years–and the companies that have partnered with these third-party vendors have had to deal with the repercussions. Data Privacy Officers and other executives should make third-party risk management a priority since a simple “but it wasn’t our fault” simply doesn’t cut it.
Consumers are now more aware of their data privacy rights
A study conducted by Social Weather Stations (SWS) in partnership with the Data Privacy Commission showed that 94% of Filipino adults expressed a strong interest in knowing how the personal data businesses collect during transactions is used. The study was conducted pre-pandemic. Given the sharp increase in online transactions due to the various community quarantines, even more Filipinos are trying to learn everything they can about their data privacy rights. As such, companies must become even more transparent with their data privacy protocols to make customers feel safe when making online transactions with them.
Companies are investing in data privacy training for employees
Savvy Data Privacy Officers are starting to understand that anyone who has access to personal data should have some level of competency in data privacy standards. As such, many companies are going beyond just sending everyone a copy of the corporate data privacy strategy. Forward-thinking organizations are starting to provide basic data privacy training to all employees who handle any form of personal data, regardless of their departments and rank. This is a smart move on their part since data privacy and security are a collective responsibility.