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ARTICLE · 23 SEPTEMBER 2002

Privacy Update: Does Data Privacy Matter to Your Business?

Mayer Brown
Mayer Brown
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Mayer Brown

Mayer Brown

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United StatesPrivacy

By Rebecca S. Eisner and Brad L. Peterson

Recent developments in privacy laws have created new challenges for businesses. Now, businesses that fail to consider and plan for data privacy requirements can face official enforcement action, fines, penalties and lawsuits. Even more damaging is the loss of public trust that businesses suffer when customers and employees learn that their private information has been abused, compromised or sold.

Should your business care about data privacy issues? If your business has employees, you face important privacy law issues for their personnel files, medical and other insurance information, performance data, portals, e-learning facilities, and e-mail and Internet use. If your business is in one of the regulated industries, such as financial or health care, or if it collects information from children, then your business already has additional privacy issues to address. If your business collects information from customers, whether in a consumer or

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