Today is World Data Privacy Day, an international event aimed at raising awareness about data privacy and protection. At Bond, we are celebrating by prompting dialogue about changes in the legal landscape of data privacy, encouraging compliance efforts and promoting best practices for the protection of data. We have been counting down the days to World Data Privacy Day by highlighting relevant data privacy matters around the world including new or amended U.S. state privacy laws, the sharp increase in class action data privacy litigation, privacy risk mitigation in vendor contracts and in mergers and acquisitions, the intersection between HIPAA laws and general data privacy, New York State Education Law §2-d and China’s new Personal Information Protection Law (PIPL). For more information on these topics, click here.
With the increased risk of cybersecurity incidents coupled with new and evolving domestic and foreign data privacy legislation, having a comprehensive data privacy compliance plan is key to keeping up with the rapidly evolving landscape in the data privacy and cybersecurity world. Given the shift to a remote work environment due to the COVID-19 global pandemic, data privacy and cybersecurity will become even more relevant to all people and businesses in 2022.
2022 is likely to give rise to more data privacy laws and may be a year in which the world sees more enforcement and greater penalties for violations of data privacy protections. Additionally, cybersecurity incidents, breaches and ransomware attacks are increasing at an alarming rate, and with them, the costs associated with such attacks. This is especially true in light of the parallel shift in challenges to obtaining effective cybersecurity insurance. All people and businesses should be aware of the significant risks associated with cybersecurity attacks and the compliance efforts recommended to help reduce those risks.
In observance of World Data Privacy Day, it is an ideal time to take stock of your data privacy and cybersecurity practices. Bond attorneys assist and advise clients with an array of data privacy and cybersecurity matters. With attorneys who have extensive knowledge in different facets of these critical issues, our clients have the benefit of deep industry experience in a wide variety of contexts.