BloombergBNA, like their competitors continues to scan the landscape for new opportunities to help lawyers tackle emerging areas of law while working smarter. BloombergBNA has been publishing several newsletters on these topics (The Privacy & Security Law Report, The Privacy Law Watch and The World Data Protection Report). The editorial expertise which created these publications has been leveraged to build a specialty practice center which offer new content sets and interactive. Two weeks ago BloombergBNA launched Bloomberg Law: Privacy & Data Security.
Bloomberg didn’t just rely on anecdote and news headlines. They commissioned a study from the International Association of Privacy Professionals (IAPP). The results of the survey suggest that corporations are currently underestimating he risks posed by employees and vendors and overestimating the risk of foreign hackers. President of Bloomberg Law, David Perla commented that it is “time to go beyond the headlines to understand privacy issues at a deeper level, and the revelatory findings in this survey are a step in that direction.” The next step was obviously -- creating a product to help law firms and in-house counsel manage the risk.
The Challenge of Privacy and Data Security Research
Privacy and data security are also among the trickiest issues to research and track legislative developments. Unlike a topic like “corporations” where laws have been consolidated into a unified statutory codification, data security and privacy issues are “sprinkled” throughout numerous titles and volumes of a single state code.
Privacy and data protection are also truly global issues. Tracking these issues across multiple states and countries is particularly challenging. The BloombergBNA Privacy & Data Security product offers tools to simplify the research. Each country has very different regulatory schemes. BBNA uses big data technology to aggregate and normalize regulations and laws from around the globe. The Privacy & Data Security Product Director Brian Kudowitz, described the product as attempting to shrink the problem of global research and add transparency.
|The Current News "Heat Map"|
The product is organized into four main functional areas Stay Current for news, Research for primary sources, Advise for specialized insights , Plan & Execute for drafting policies. The product offers some terrific interactive tools and nice graphic displays. My favorite feature is the interactive news “heat map” which shows were specific issues are “hot” around the globe.
CURRENT NEWS – offers a global news “heat map” which aggregates stories written by BloombergBNA reporters who identify privacy and data issues from around the globe.
News results link to related news stories easy access. In Country experts offer a risk and enforcement environment analysis for each country and links to primary sources.
ADVISE offers country profiles, practice portfolios, workplace requirements, global data protection and treaties.
RESEARCH: resources include statutes, regulations, caselaw. Agency materials, Non-US statutes link to laws posted on each countries’ website:
PLAN & EXECUTE
- “Chart builders” – provide instant comparisons of global and state laws on specific issues. Two Amlaw 100 firms contributed surveys.(DLA Piper provided that Data Security survey and Morgan Lewis and Bockius created the Breach Notification survey. Charts can be exported to excel. Chart builders show code section and links to primary law.
- “Upcoming enactments” provide information on laws which have been passed but not yet enacted.—provides future enactment dates.
- “In practice” offers model polices ( Drafting privacy policies,. Managing Data Risk in M&A,. Managing a Data Breach and drafting commentaries.)
|Upcoming Enactments Chart|
Access to the product. All Bloomberg Law subscribers will get access to the Privacy and Data Security product at no additional cost. The product can also be purchased separately from BloombergBNA.