Rethinking Personal Data: Strengthening Trust
Rethinking Personal Data: Strengthening Trust examines how the appropriate use of personal data can create enormous value for governments, organizations and individuals. Produced in collaboration with The Boston Consulting Group, the report provides a multistakeholder perspective on how the potential value of personal data can be unlocked.
The report aims to foster dialogue around some of the key questions that need to be resolved to ensure long-term and sustainable value creation. Who owns personal data? How can privacy be protected? What is the role of context in setting permissions? How can organizations be held accountable? What is the role of regulators?
The Report outlines concrete steps that stakeholders can take, focusing on three areas: upgrading protection and security, agreeing on rights and responsibilities for using data based on context, and driving accountability and enforcement.
The report concludes with a call for leaders to work together to achieve a coordinated yet decentralized approach to this global challenge.
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This is the third Cost of Cyber Crime study from the Ponemon Institute, sponsored by HP Enterprise Security. This years study has a distinctly international flavour with nearly 200 organizations across various industry sectors being represented. Cyber attacks generally refer to criminal activity conducted via the Internet.
The attacks featured include stealing an organization’s intellectual property, confiscating online bank accounts, creating and distributing viruses on other computers, posting confidential business information on the Internet and disrupting a country’s critical national infrastructure. Consistent with the previous two studies, the loss or misuse of information is the most significant consequence of a cyber attack. Based on these findings, organizations need to be more vigilant in protecting their most sensitive and confidential information.