The Data Diva E162 - Justin Daniels and Debbie Reynolds

Debbie Reynolds, “The Data Diva” talks to Justin Daniels, Corporate Mergers & Acquisitions Counsel and Cybersecurity Expert, Baker Donelson LLP. We discuss the importance of privacy and security awareness in the context of increasing digitization and regulation. Justin explained the new cybersecurity regulation passed by the SEC that requires publicly traded companies to report material data breaches to the SEC within four days and talk about how they manage security risk in their annual reports. We discuss the challenges companies face in cybersecurity, including the lack of awareness among C Suite executives and the credibility gap between what leaders say in public and allocating resources towards privacy and security. We emphasize the need for education and building general awareness to prevent human error in cyber breaches. We also discussed the double-edged sword of emerging technologies and the need for education and awareness to mitigate cybersecurity risks. The conversation also touches on the importance of balancing public safety with privacy and cybersecurity concerns, particularly in using digital cameras and facial recognition technology in public spaces and schools. We explore the limitations of current remedies for privacy violations and suggest that more severe consequences, such as criminal penalties, may be necessary to incentivize companies to prioritize privacy and security. Overall, the conversation highlights the importance of proactive measures to address cybersecurity threats rather than accepting the status quo of frequent hacks and breaches and his hope for Data Privacy in the future. Support the show