Data privacy
Nowadays data privacy of companies within the cyberspace is so vital which can be protected by following four stages:

• Identifying and understanding basic laws and requirements for the company

Making sense of laws and regulations applicable to the business is the most challenging part in many businesses. This will be more visible in the case of multinational companies which are facing different laws within their frontiers. Even in the case of U.S. companies, wide range of regulations makes it very serious problem to develop a comprehensive understand of where is the business and from which states business collects, stores and processes data.

• Get business partners on board

Educating functional partners in Human resource, Auditing departments and business managers makes a cross-functional endeavor within company which along with information security (firewalls, encryption and access protocols) makes strong data privacy teams.

• Prepare in advance for data breaches

Breach response protocols can he help to establish appropriate controls and response plans to potential risks. Drafting data breach policies and creating a breach response team can be considered either.

• Taking vendor compliance for granted

Company should be ensure that its third parties are familiar and compliance with the company's policies as well as applicable laws and standards. Vendor compliance will be included of comprehensive training, regular monitoring of its data-handling procedures and security controls, its right - to - audit clauses and termination rights in the contractual agreement.

Data resource: http://www.businessweek.com/managing/content/apr2010/ca2010049_718474.htm