You don't have to protect what you don't have.
It's a fairly obvious idea, though it's a somewhat opposite perspective to most of the cybersecurity recommendations espoused here in the United States. But as it becomes more and more challenging for IT teams to ensure that their organizations' data remains safe from cybercriminals, perhaps it's time for U.S. companies to give the European practice of data minimization another look.
|What, Exactly, Is Data Minimization?
Data minimization is a common principle of European privacy that has not until now been an American approach. It is a practice that puts the focus on data governance—being intentional about what data you want to collect so that your organization is not "overcollecting." Determine what data you must have to run your business, data minimization experts advise, and simply don't collect or keep anything else.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.