You read about another privacy breach in the news almost every day. Facebook paid $5 billion for a privacy breach, British Airways $183 million, Google $56.8 million and Marriott is facing $124 million. GDPR is serious about privacy enforcement. In the U.S., there are hundreds of privacy laws spanning federal and state levels. It’s imperative today for boards members to be knowledgeable about the data privacy landscape and emerging trends in order to assess the state of compliance and privacy protection present for the companies they serve. Guests joined us for discussion on:
Emerging technologies that could improve data privacy and those that could lead to larger or more significant threat.
Evolving legislative/regulatory landscape including examples of recent breaches and associated consequences
Conclusions and key takeaways regarding what Boards need to know and do
Larry Clinton is President and CEO of the Internet Security Alliance (ISA). The ISA board consists of major organizations representing virtually every sector of the economy. ISA’s goals are thought leadership, policy advocacy and developing best practices for cybersecurity. Mr. Clinton holds a certification in Cybersecurity Risk Management from Carnegie Mellon University. He is a member of the faculty of the Wharton School Executive Education Program. He provides training for the Federal Reserve Bank on cybersecurity. He also teaches Master Classes in Cyber Security for the National Association of Corporate Directors (NACD) who have identified him as one of the 100 most influential people in the field of corporate governance. He is the former chair of the IT Sector Coordinating Council and serves on the Cybersecurity Advisory Board for the Center for Audit Quality.
Mr. Clinton literally wrote the book on Cybersecurity for Corporate Boards, namely the NACD Cyber Risk Handbook, which has been endorsed by both the US government and the German government and the OAS. He is currently working on adaptations of the Handbook for the EU, India and Japan. He testifies often before Congress. He has briefed industry and governments worldwide, including the NATO Center for Cyber Excellence. He is the primary author and editor of the ISA’s Cyber Social Contract, policy documents, which have been endorsed by the House GOP Cybersecurity Task Force and were the foundation for President Obama’s Executive Order 13636 on cybersecurity. He has been a featured spokesman on cyber issues in virtually all major media outlets from The Wall Street Journal, USA Today, Fox News, NBC, CBS, the New York Times, PBS’ Morning Edition, CNN’s Situation Room and even MTV in India.
Cynthia J. Cole is currently Special Counsel at Baker Botts in Palo Alto, California. She has 19 years of experience as CEO and General Counsel in public and private companies, particularly related to technology, corporate transactional and data privacy issues such as the California Consumer Privacy Act of 2018 (CCPA) and the EU's General Data Protection Regulation (GDPR). She counsels clients on technology transactions and deals, big data, data privacy, data sharing and IP licensing, often creating bespoke agreements in novel technology fields. She has led the firm’s initiative in GDPR, CCPA and data protection counseling for US Companies. Cynthia is certified as an Information Privacy Professional (CIPP/E) by the International Association of Privacy Professionals.
Cynthia is a recognized thought leader in data privacy, named a “California Trailblazer 2019” for her work building a transactional data privacy practice at Baker Botts and a “National Women in Law Honoree for Thought Leadership” by Corporate Counsel in 2018, and has taught and written on a range of data privacy and policy trends and innovative issues. Cynthia was recognized as one of the Women Leaders in Tech Law by The Recorder, 2017. She currently serves as chair of the governance committee of the board of directors of the Palo Alto Art Center Foundation.