The 9 Steps: What Must a CFO Know and Measure for Data Privacy, Protection and Governance?

Michelle Dennedy, Chief Data Strategy Officer at ABAXX Technologies Inc. discusses the importance of treating data privacy and protection as a valuable asset, similar to intellectual property, and emphasises the need for a comprehensive approach to data governance. Michelle introduces a framework for managing data privacy and security, highlighting the importance of defining legal requirements, integrating technology, strengthening the data defender culture, and enhancing privacy efforts. The goal is to develop a data value model to help organisations make informed decisions about privacy and security.

There are nine steps for building a robust data privacy and security strategy. These include assessing frameworks for legal compliance, fostering a data defender culture, ensuring clear data governance, and developing metrics to track progress. Michelle stresses the need for a holistic approach to privacy, security, and data governance, where each part of the organisation contributes to a common goal. She also highlights the challenge…