Data Privacy Vs. Cybersecurity At Your Company

By Scott Warren (October 16, 2018, 1:21 PM EDT) -- Which is more important — data privacy or cybersecurity? To any good lawyer, the answer is both are important. However, most in-house counsel know the answer depends on which receives the limited available budget. Compliance budgets usually follow the greatest risks for the company. Therefore, in Europe, where the EU's General Data Protection Regulation is the scariest new compliance issue, it stands to reason that data privacy will take a larger portion of the budget than cybersecurity. However, in the U.S., where the penalties for poor cybersecurity can be huge (from governmental penalties, to class action and shareholder derivative lawsuits), I believe it is generally the opposite....

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