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“Deals Demand Prior CFO Involvement in Data Security”

CFO Magazine By Heather L. Buchta and Jessica L. Franken

Below is an excerpt:

The role of a chief financial officer continues to grow and shift, and it’s become obvious in this age of expanding technology and big data that a crucial component of a company’s financial health depends on its data privacy and data security programs, regardless of the nature of the business.

First, understand that data privacy is not the same as data security. The former is an individual’s ability to control the collection, use, and disclosure of his or her information. There are laws and regulations in just about every country that dictate how a company can use an individual’s information, which are more or less restrictive depending on the jurisdiction.

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