Oversight of privacy compliance and reputational risk

August 2020

Members of the Cyber Risk Director Network met virtually on June 30, 2020, to explore the board’s oversight of data privacy, focusing particularly on strategy and reputational risk. They were joined by King & Spalding Partners Phyllis Sumner and Rob Dedman, Booz Allen Hamilton Executive Vice Presidents Bill Phelps and Kevin Richards, and Professor Steven Weber, University of California, Berkeley.

The discussion centered on four main topics:

  • Companies in all sectors must manage privacy

  • Privacy is a board-level issue

  • Privacy and cybersecurity must be managed together

  • Managing privacy through new operational and organizational approaches