The Art of Privacy - Alexandra Ross on Privacy Risk Frameworks
November 11, 2020
The Art of Privacy is a video series from OneTrust DataGuidance exploring key privacy and data protection concepts with commentary from industry-leading voices. In this episode, Alexandra Ross, Director Global Privacy & Data Security Counsel at Autodesk discusses best practices in building a privacy risk management framework.
Alexandra highlights the benefits of good privacy risk management, including increasing business stability, decreasing legal liability, improving protections for organizations as well as customers and employees, and enhancing trust. She then goes on to break down typical organizational risks, before unpacking and clarifying the multiple phases of standard risk methodology, preparation, assessment, monitoring, and reporting.
Alexandra also details several practical measures relating to risk management, such as:
- how to prioritize risks;
- conducting risk assessments;
- quantifying risk criteria;
- how to assess and track multiple risks;
- enterprise risk management;
- risk monitoring; and
- risk mitigation strategies.