Businesses and consumers around the globe will observe Data Privacy Day on Saturday, Jan. 28, and at least one security expert is urging businesses to assess risk management practices that relate to data security and where they are able to make improvements.
Kevin Kalinich, global practice leader for cyber liability, Aon Risk Solutions, points out that new risks are being discovered constantly. He pointed to recent security breaches at Zappos, Sony, and the Carrier IQ mobile-device privacy controversy.
"What's the balance you want for your insurance company between offering access to social media and interactive telecommunications vs. protection," says Kalinich. "You can lock down devices so no one can get into the network, but are you losing sales or some potential new business? How do you balance these against the technology revolution with social media, mobile communications, cloud computing, and converged technology? If youdon't enable [mobile devices] you are going to fall behind the competition."
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