The upcoming NIST Privacy Framework will help enterprises manage privacy risks
Citing the success of its cybersecurity framework and the advent of IoT devices, artificial intelligence, and other technologies that are making it more challenging than ever for enterprises to protect their customers’ privacy, NIST has launched a collaborative project to develop a voluntary privacy framework. The NIST Privacy Framework project will kick off with a public workshop in Austin, Texas, on October 16, 2018. The workshop will also be live-streamed online, recorded, and posted on the NIST Privacy Framework website for future access.
NIST is launching its Privacy Framework project in an environment where consumers are growing increasingly concerned about what data enterprises are collecting from them, what they intend to do with it, and how securely they are storing and handling it. According to the National Telecommunications and Information Administration (NTIA), 73% of internet-using U.S. households have data privacy and security concerns, and at least one-third have been deterred from certain online activities due to these fears.
Stronger Data Privacy Laws Are Coming
The NIST Privacy Framework will be voluntary, but the NTIA’s request for public comment is a preliminary step that could ultimately lead to a federal data privacy law. The development of such a law will be a long and complex process, and whether the end result will amount to an “American GDPR” is debatable. However, one thing is certain: Stronger data privacy laws are coming.
Some states, notably California, have already taken matters into their own hands. The prospect of having to comply with 50 different state laws has softened large organizations’ views towards federal data privacy regulations. At last week’s Senate Commerce, Science and Transportation Committee hearing, representatives from AT&T, Amazon, Twitter, Apple, and Charter Communications stated that they were open to a federal data privacy law, and Google published its own ideas for a data privacy framework prior to the Senate hearing.
The best way for enterprises to prepare for stricter data privacy legislation in the future is to practice proactive cyber security and solid data governance, compliance, and risk management now.
The cyber security experts at Lazarus Alliance have deep knowledge of the cyber security field, are continually monitoring the latest information security threats, and are committed to protecting organizations of all sizes from security breaches. Our full-service risk assessment services and Continuum GRC RegTech software will help protect your organization from data breaches, ransomware attacks, and other cyber threats.
Lazarus Alliance is proactive cyber security®. Call 1-888-896-7580 to discuss your organization’s cyber security needs and find out how we can help your organization adhere to cyber security regulations, maintain compliance, and secure your systems.