The Schellman Blog
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Security | Compliance and Certification
Originally published at www.iapp.org In the wake of several major data security breaches and increasing regulatory pressure on companies to protect confidential information, building an effective privacy program is crucial. Privacy practices are rapidly developing in all sectors and industries, and while non-compliance with the numerous industry, state, federal, and international regulations can cut heavily into profit margins, the effects of a data security breach can kill relationships with customers, vendors, and even stakeholders. According to the Federal Trade Commission, an effective privacy program “addresses the privacy risks related to the development and management of new and existing products and services for consumers; and protects the privacy and confidentiality of personal information.”