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ARTICLE · 13 AUGUST 2018

Do You Need A Chief Digital Risk Officer (Or Digital Risk Working Group)?

BakerHostetler
BakerHostetler
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BakerHostetler

BakerHostetler

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Axioms are common in the privacy and security space.

United StatesPrivacy

Axioms are common in the privacy and security space. One that has been popping up with more frequency is "privacy and security is an enterprise risk that requires an enterprise-wide effort to appropriately address." It is easy to say, hard to execute and absolutely necessary.

We work with hundreds of companies a year during security incidents, proactive risk and security assessments, compliance advisory projects, and transactions. So we see the amount and variety of technology and digital assets in use at an entity, and we see the challenges in managing the attendant risks. Marketing tries out something new using a vendor that will put the entity's data in the cloud without vetting the service or the contract through the security and legal groups. Security teams struggle to translate risks in terms that "non-techies" can understand to win enough resources to adequately secure an environment that increasingly has no boundaries. Legal teams are stretched thin and often

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