Corporate Executives Get Help With Security and Privacy Strategy

A joint paper released by Canadian Information and Privacy Commissioner Ann Cavoukian and Deloitte & Touche LLP, provides corporate executives with suggestions for developing strategies for information security and privacy protection.

The Security-Privacy Paradox: Issues, Misconceptions and Strategies examines the complex and often misunderstood relationship between the disciplines of information security and privacy protection.

"The evolution of the computer from a passive, mechanical record-keeper to an interactive, networked transaction manager has dramatically increased the volume and variety of personally identifiable information collected by organizations," said Commissioner Cavoukian. "This capability for high-speed, high-volume processing and dissemination of personal information creates the potential for substantial risks - as well as large-scale opportunities - associated with information security and privacy protection. However, you must address both - never just one. While information security and privacy do overlap, at times they may appear to contradict. In preserving one alone, companies can do serious damage to the other."

The joint paper helps to clarify the security-privacy paradox for senior executives and other professionals. The paper:

  • Describes and illustrates major characteristics, points of difference and areas of overlap between information security and privacy protection;
  • Addresses issues and misconceptions that can lead to wasted money, time, effort, conflict and, all too often, inappropriate measures and programs; and
  • Recommends and prioritizes business, organizational and technical approaches that are cost-justifiable and can be beneficial in reaching regulatory compliance.

"For those companies that can effectively master building a foundation of trust between themselves and their customers the rewards will be significant. In doing so, companies must effectively address information security and foster an environment that protects customer privacy," said William Levant, Global Privacy Leader, Deloitte & Touche. "The creation of trust in this on-line business world is what can give one company a competitive advantage over another."

The Security-Privacy Paradox cites examples of approaches that work, and those that have failed. In its concluding Roadmap for Successful Strategies section, it offers 16 key steps for smart businesses to follow.

You may like these other stories...

For the first time in the five-year history of Vault.com’s rankings of the top 50 accounting firms to work for in North America, a firm has held the top spot as best accounting employer for two consecutive years....
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
You can read volumes on how to manage an accounting practice. But if you want the quick version, just read the following four points. Everything else is just commentary.  (These points come out of the 1997 book, The...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.