Laurence Guihard-Joly is back with information showing that disaster recovery can save companies money from a study conducted by the Ponemon Institute. Compliance leaders are always on the hunt for metrics to support the business case for compliance. The study we discuss on the podcast, the 2016 Cost of Data Breach Study: The Impact of Business Continuity Management (BCM) from the Ponemon Institute. The study shows how having a BCM program reduces the cost of data breaches and increases the speed of detection and repair of data breach incidents.
We also discuss what the Ponemon study means in practical terms. The increasing costs of data breaches and downtime as business becomes more reliance on 24/7 availability of data and Internet-connected products or systems.
Business Continuity Management provides the skills, practical knowledge and relationships needed for handling a crisis well. We discuss the benefits the resilience of the corporate culture from a BCM using the example of the recent flooding in Paris.
Laurence Guihard-Joly is the General Manager of the IBM Resiliency services, leading resiliency teams across the world who provide services and solutions to help IBM clients manage their risks in an increasingly “always on” world. Within the IBM Enterprise Risk Management, Laurence also leads the IBM Business Continuity Management program, with a dedicated team and a leadership BCM community across all IBM business units and corporate functions and processes.
Previous Masters of Disaster podcast interview with Lawrence Guihard-Joly http://mastersofdisasterpodcast.com/resiliency-critical-to-business-in-the-internet-of-things-world-laurence-guihard-joly-general-manager-ibm-resiliency-services#lZPHoJqDGOJjM6Ez.99
The Ponemon Institute’s 2016 Cost of a Data Breach Study: Impact of Business Continuity Management (BCM) has produced significant findings on the worldwide challenges businesses are currently facing when it comes to identifying and confronting data breaches within their IT infrastructures. http://www-935.ibm.com/services/us/en/it-services/business-continuity/impact-of-business-continuity-management/index.html
Masters of Disaster: http://www.ibm.com/smarterplanet/us/en/centerforappliedinsights/article/business-continuity-report.html
Edward Chenard explains the significant risks go along with the potential benefits of data science. Privacy practices in how company information is used extend to big data analytics. The algorithms used in data analytics may not be tested or thoroughly understood even when the results of the analysis impact the lives of real people.
Data collection and use in company Big Data projects have become more strictly controlled over the past few years, as awareness of privacy requirements has increased in the data analytics community. However, more education is still needed of how data analytics teams support company privacy requirements in the course of their work. Good privacy practices is fundamental to maintain the trust of consumer and business customers.
New programs like Hadoop have made machine learning attainable to more data analyst teams in more companies. The recent explosion in machine learning has exponentially increased risks associated with flaws in the algorithms built into a machine learning digital products. Human biases and assumptions can live on in algorithms used to made determinations like wether a job is offered, credit is extended, products or services are offered. The validity of the algorithms used and the quality of the interpretations made from the results needs questioning from multiple points of view to manage these risks. Big data is a team sport.
Edward Chenard is a data analytics advisor who inspires and motivates teams to innovate, build, launch and iterate emotional products that create better customer experiences. He is an adviser to top-tier consulting firms, investment banks, and private equity firms on digital. Global speaker about our evolving digital world.
Some people know how to build digital products but are not always good at knowing what to do with those products. Other people know what to do with digital products but cannot build digital products. Edward can do both, and is the intersection between business and technology.
Edward Chenard’s E-mail email@example.com
Edward Chenard’s LinkedIn Page https://www.linkedin.com/in/edwardchenard
Privacy and Data Security in the Age of Big Data and the Internet of Things, U.S. Federal Trade Commissioner Julie Brill. Delivered at Washington Governor Jay Inslee’s Cyber Security and Privacy Summit, January 5, 2016, https://www.ftc.gov/system/files/documents/public_statements/904973/160107wagovprivacysummit.pdf
Chris Matyszczyck, The Internet Will Vanish, Says Google’s Eric Schmidt, CNET (Jan. 22, 2015, 6:00 PM), available at http://www.cnet.com/news/the-internet-will-vanish-says-googles-schmidt/.
FTC Event Big Data a Tool for Inclusion of Exclusion? September 15, 2014, https://www.ftc.gov/news-events/events-calendar/2014/09/big-data-tool-inclusion-or-exclusion
Jonathan Armstrong from Cordery Compliance explains last week's Privacy Shield Agreement between the EU and US. For more information see www.corderycompliance.com/news
Mark Duvall explains the recent changes to regulation of chemicals in the U.S., specifically, what reform to the Toxic Substances Control Act (TSCA) means. In June, President Obama signed the Frank R. Lautenberg Chemical Safety for the 21st Century Act making significant reforms to TSCA. Now we discuss what comes next. The Environmental Protection Agency has many new obligations that were formerly handled by the States. Manufacturers and processors should begin to assess their obligations and opportunities now.
Mark Duvall has over two decades of experience working in-house at large chemical companies. His focus at the law firm of Beveridge & Diamond, P.C. has been on product regulation at the federal, state, and international levels across a wide range of programs, and occupational safety and health.
He heads the Firm’s Toxic and Harmful Substances/Toxic Substances Control Act practice. His experience under TSCA includes enforcement actions, counseling, rulemaking, advocacy, and legislative actions. He chairs the TSCA Dialogue Group, an informal group of companies that manufacture, import, distribute, and sell chemicals, and related trade associations, that address possible legislation to amend TSCA and alternatives to legislation. He also works with foreign counterparts to TSCA, including REACH and CEPA.
He has worked on green chemistry issues at the federal and state levels, as well as a variety of voluntary programs that affect products. He has helped clients with the Emergency Planning and Community Right-to-Know Act, the Controlled Substances Act, the Chemical Weapons Convention, and other chemicals-related requirements.
He has advised clients and written and lectured on the regulation of the products of nanotechnology by FDA and by EPA under FIFRA and TSCA and on related product stewardship issues.
He is Vice Chair and former Chair of the Committee on Pesticides, Chemical Regulation, and Right-to-Know of the American Bar Association’s Section on Environment, Energy, and Resources.
Mark Duvall contact information and bio http://www.bdlaw.com/attorneys-150.html
Beveridge & Diamond TSCA Reform Resource Center http://www.bdlaw.com/f-tscareform.html
Frank R. Lautenberg Chemical Safety for the 21st Century Act (as signed by President Obama, June 22, 2016) http://www.bdlaw.com/assets/htmldocuments/Frank%20R.%20Lautenberg%20Chemical%20Safety%20for%20the%2021st%20Century%20Act.pdf
Now That TSCA Reform Is Here—What’s Next? http://www.bdlaw.com/assets/htmldocuments/Now%20That%20TSCA%20Reform%20Is%20Here%20-%20Whats%20Next.pdf
The skills and requirements needed for compliance roles have evolved in the last several years. Often compliance professionals were originally trained in lawyers or auditors. Today compliance professionals need to use creativity to persuade and engage company employeres and executives to be effective. Nicole discusses how we can all use creativity to add to our roles in compliance.
Nicole wrote the e-book Compliance with Attitude to express her point of view on creativity and compliance. She explains that small changes can mean substantial results in compliance and improve our lives. What can we do within our work life that can make the company better?
Nicole Rose is a rare blend of lawyer, artist and trainer. She took the phrase “a picture says a thousand words” and combined it with 20 years of experience as a lawyer and trainer with my love of art and illustration.
Nicole is an avid writer and write articles and thought leadership pieces that blend her passion for neuroscience and creativity with law and compliance. She regularly writes for leading compliance publications such as The FCPA Blog, the SCCE and Ethics Intelligence and, of course, her very own Ethics Corner at http://www.createtraining.com.au/blog/.
Nicole Rose firstname.lastname@example.org
Compliance with Attitude e-book http://www.createtraining.com.au/nicole-rose-compliance/
Nicole Rose is CEO of Create Training http://www.createtraining.com.au/