Data privacy is becoming more important than ever as new laws are taking effect in the U.S. and across the globe. At the same time, enterprises are expected to meet data protection compliance. Organizations that are non-compliant with laws and regulations surrounding privacy protection are facing tens of millions, even billions of dollars in fines.
As business operations become more data-centric, the need for enhancing data protection and keeping sensitive information secure will continue to increase. To help companies protect against cyber security breaches, AmCham Taipei’s Technology Committee invited Eric Ubias, Managing Partner of Ubias Law PLLC, to discuss developing legal requirements and preventative measures at a seminar held at the Chamber’s Lincoln Room.
Ubias introduced some of the recent U.S. Federal Trade Commission enforcement actions against large corporations, and outlined the most dangerous types of new attacks being experienced. He explained that Taiwanese companies will continue to feel the effects of increased regulatory focus on data privacy. Whether they are directly facing regulated subjects or are indirectly at risk through third-parties in the value chain, enterprises should take reasonable steps to achieve an increased level of protection. He concluded by offering a few suggestions on implementing cyber security best practices, such as ensuring that written policies and disclosures align with actual practices, conducting vendor diligence reviews, conducting training exercises, and developing incident response plans.
The Lincoln Room is made possible by the generosity of a number of sponsoring companies:
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