Karl Schimmeck: Data Security in a Demanding Regulatory Environment
Data security regulation is accelerating many firms’ data protection processes, says Karl Schimmeck, Executive Vice President and CISO of Northern Trust. However, complying with multiple jurisdictions’ reporting regimes around privacy, incident disclosures, and decision process documentation can be tough. Rigorous incident management plans and structures simplify things but it’s important to remember compliance isn’t about checking boxes. It’s about reducing risk. Regulation drives dat...