Information Commissioner’s Office puts a value on data protection
Press Release, 3 March 2010
Christopher Graham, the Information Commissioner, is urging organisations to put a value on personal information and invest in privacy protection.
At the Data Protection Officer Conference in Manchester today the Information Commissioner’s Office (ICO) will launch ‘The Privacy Dividend’ report which provides organisations with a financial case for data protection best practice.
The report explains how to put a value on personal information and assess the benefits of protecting privacy. It includes practical tools to help organisations prepare a business case for investing in privacy protection.
Speaking today at the ICO’s Data Protection Officer Conference, Christopher Graham will say: "No organisation can neglect to protect people’s privacy. Not only is it the law, but there is also a hard headed business imperative. This report provides organisations with the tools to produce a financial business case for data protection ensuring privacy protection is hardwired into organisational culture and governance."
Practical tools to help organisations prepare a business case for investing in privacy protection include:
• Guidance on the steps involved in a privacy protection scheme to assess the costs and benefits
• Guidance on creating business cases for implementing a new system or changing an existing system
• Calculation sheets to assess the value of personal information and put figures to the business case.
