Data Sentinel: The Evolving Role of the Attorney as Protector of Company Data
Posted on Mar 7, 2016 in Financial Services, Insurance | Comments Off on Data Sentinel: The Evolving Role of the Attorney as Protector of Company Data
Data. It is one of your organization’s greatest assets, and a necessary part of doing business. But in today’s financial services environment, it is also a source of one of your organization’s greatest risks.
In their article for FinTech Law Report, Sutherland attorneys Michael Steinig and Mary Jane Wilson-Bilik describe the attorney’s evolving role in protecting company data, and discuss that coordination and comprehensive planning, diligence and contracting must be used together as the core tools to address the following areas:
- The nature of the data being created and used;
- Regulatory requirements;
- Security of the data;
- Right to use the data and protection of proprietary information;
- Business continuity risks and approaches; and
- Vendor performance.
