COVID-19: Data privacy risks and potential opportunities

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COVID-19: Data privacy risks and potential opportunities

Social sensitivities around personal information held by external parties, particularly technology firms, has rapidly grown in recent years – and it’s a concern which has escalated in the wake of the COVID-19 pandemic. Before the global lockdown, we published1 a piece highlighting the risks and opportunities relating to data privacy for technology companies and investors. We concluded that while the collection and use of personal data is a major driver of tech …

Executive summary:

• The pandemic has presented an opportunity to rethink the dynamics of data privacy risks and opportunities for technology companies
• Our engagement discussions with investee companies has revealed that tech firms have been taking serious steps to mitigate data privacy risks during the pandemic – but more work is needed
• The crisis has accelerated the digital transformation and highlighted the impact technology is having on society from a professional, personal and public health perspective