CIO.com reports on the top five reasons a company should hire a chief privacy officer to manage the privacy and data operations. While privacy regulations, mandated data protection officers, data breaches, PR nightmares, and profit losses or interrupted business operations take the headlines, the article explains how businesses worldwide are learning the importance of how to use, collect and manage data ahead of the implementation of the EU General Data Protection Regulation. Peter Lefkowitz, CIPP/US, chief privacy and digital risk officer at Citrix, said, “The legal risk is non-compliance with various laws around the world, which have specific requirements concerning notice and transparency, collection, use, storage, processing and return of data, as well as incident management. The requirements are not self-evident, and the penalties for non-compliance are steep.”
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