This codification of privacy is transforming how businesses are expected to operate. There is no more question of what happens when a business doesn’t invest in a cyber program and who’s responsible. Let’s take a quick look at what will shape this year.
Réglementations américaines en matière de protection de la vie privée : mise à jour des exigences du CCPA, du NYDFS et de la SEC
CCPA may be amended. Currently the CCPA has an open request for comment on how audits fit with CCPA. In addition, we will start seeing rulings in cases around CCPA showing what we can expect for the reality of losses from not complying. For those who want to keep track with us, Perkins Coie has a great outil de suivi.
NYDFS will likely be amended. Industry comments are under review. Once DFS makes its recommendations it will move through the legislation process. Notable takes:
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- “The CISO and the highest-ranking officer of the covered entities are both required to sign a certificate of compliance, and notice of compliance must be delivered annually to the NYDFS.” – Morgan Lewis.
- Il ne s’agit pas seulement d’une loi sur la protection de la vie privée, cela englobe également la résilience des entreprises et la sécurité des opérations.
The SEC wants their new rules in place ASAP. This includes provisions for Cyber Security reporting requirements alongside considering rules requiring adoption of standard practices. As with all federal rules, this one may take some time. Other provisions, notably around carbon footprint reporting, seem to be causing friction. We will see if the SEC makes their timeline.
$100 Million penalty for BIPA violations. In 2022, we saw cases relating to the Louisiana BIPA come to a close with significant penalties being doled out. The rubber is meeting the road, and liabilities are a reality. Read more at Data Protection Report.
Pourquoi les dirigeants doivent accorder la priorité à l’expertise en cybersécurité
Face à cette forte pression législative, les responsabilités concrètes sont désormais bien réelles. Les dirigeants ne peuvent plus ignorer les conseils des équipes de sécurité. La réalité est que la plupart des entreprises ne sont pas prêtes. Un bref extrait de Forbes illustre parfaitement cette situation :
“Our analysis showed that only 51% of Fortune 100 companies have a director on their boards with relevant cybersecurity experience. The situation in the Fortune 200 and 500 is more concerning: only 9% have cyber-savvy directors. Worse still are the companies in the Russell 3000 smaller than those in the Fortune 500: only 8% have cyber directors. There is a total shortage of 2,724 directors with cybersecurity expertise across all Russell 3000 companies.” –Forbes
To be successful in filling these positions, security leaders will need to have an opinion on what’s changing from a legal perspective, how that impacts business strategy, and how the business creates opportunity in markets with changing regulations.
En résumé, les RSSI doivent prendre part à toutes les discussions stratégiques au sein du conseil d’administration. Un RSSI proactif peut en effet constituer un avantage concurrentiel. Ces dirigeants proactifs sauront analyser les données de l’entreprise, les exploiter pour en tirer des avantages sur le marché et relever les nouveaux défis réglementaires. Les entreprises capables de garder une longueur d’avance sur l’évolution du cadre réglementaire obtiendront un meilleur retour sur investissement. Celles qui considèrent la conformité comme une simple formalité prendront du retard.
Adherence to compliance regulations is critical to your business’s operations, but it doesn’t have to consume an outsized portion of your resources. Let Clumio help automate compliance and simplify management while reducing your data protection costs. Contact us for a customized consultation.
