The collection, use and disclosure of data is increasingly a key issue for businesses of all types, industries, sizes and locations. Managed well, data can be an important or even critical business asset. In contrast, a lack of adequate planning and preparation about data privacy and security can have long-term implications for a business, effectively limiting how it can use and share information, and in the worst situations, can result in significant liability and negative publicity.
Effective privacy planning is not a quick or easy task. However, taking the time to think about privacy early on and developing a comprehensive strategy to guide the company through its lifecycle will undoubtedly pay off.