Michelle Dennedy, VP, Chief Privacy Officer, Cisco, sits down with Jeff Frick at Data Privacy Day
#DataPrivacy2018 #theCUBE
https://siliconangle.com/2018/01/28/companies-lose-time-and-money-over-data-privacy-concerns-as-gdpr-looms-privacyaware/
As GDPR looms, companies lose time and money over data privacy concerns
For most companies, a sale delayed means money lost, and now data privacy can be added to the list of holdups that hit the bottom line.
According to a recently released study by Cisco Systems Inc., customer concerns over how data is captured, stored and deleted are causing sales delays ranging from two to 16 weeks. In its 2018 Privacy Maturity Benchmark Study, the networking giant surveyed more than 3,000 security professionals in 25 countries and found that 65 percent of the companies involved experienced sales delays averaging eight weeks in the past year.
“That’s a lot of time, and time in business is everything,” said Michelle Dennedy (pictured), Cisco’s vice president and chief privacy officer. “The self-reporting of data maturity is related to closing business more efficiently and faster on the upside and limiting your losses on the downside.”
The study roughly coincides with Data Privacy Day. Celebrated today, it’s a 10-year-old offshoot of Data Protection Day in Europe. That day in turn commemorates the Jan. 28, 1981, signing of Convention 108, the first legally binding international treaty dealing with privacy and data protection.
Dennedy stopped by the set of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during a Data Privacy Day event Thursday in San Francisco, and spoke with host Jeff Frick (@JeffFrick). Russell Schrader, executive director of the National Cyber Security Alliance, also spoke with Frick in a separate interview (bottom). They discussed the Cisco survey results, the impact of new data regulation in Europe, and the need for continued security awareness and promotion:
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Michelle Dennedy, Cisco | Data Privacy Day 2018
Michelle Dennedy, VP, Chief Privacy Officer, Cisco, sits down with Jeff Frick at Data Privacy Day
#DataPrivacy2018 #theCUBE
https://siliconangle.com/2018/01/28/companies-lose-time-and-money-over-data-privacy-concerns-as-gdpr-looms-privacyaware/
As GDPR looms, companies lose time and money over data privacy concerns
For most companies, a sale delayed means money lost, and now data privacy can be added to the list of holdups that hit the bottom line.
According to a recently released study by Cisco Systems Inc., customer concerns over how data is captured, stored and deleted are causing sales delays ranging from two to 16 weeks. In its 2018 Privacy Maturity Benchmark Study, the networking giant surveyed more than 3,000 security professionals in 25 countries and found that 65 percent of the companies involved experienced sales delays averaging eight weeks in the past year.
“That’s a lot of time, and time in business is everything,” said Michelle Dennedy (pictured), Cisco’s vice president and chief privacy officer. “The self-reporting of data maturity is related to closing business more efficiently and faster on the upside and limiting your losses on the downside.”
The study roughly coincides with Data Privacy Day. Celebrated today, it’s a 10-year-old offshoot of Data Protection Day in Europe. That day in turn commemorates the Jan. 28, 1981, signing of Convention 108, the first legally binding international treaty dealing with privacy and data protection.
Dennedy stopped by the set of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during a Data Privacy Day event Thursday in San Francisco, and spoke with host Jeff Frick (@JeffFrick). Russell Schrader, executive director of the National Cyber Security Alliance, also spoke with Frick in a separate interview (bottom). They discussed the Cisco survey results, the impact of new data regulation in Europe, and the need for continued security awareness and promotion:
