Abstract
This chapter assumes data is a key asset that, if lost or damaged, severely disrupts business capability and reputation. The chapter has one core purpose, to provide leaders with sufficient understanding of two data management fundamentals, data privacy and data security. Without that understanding, Information Technology (IT) security will always be seen as a cost on, not an investment towards, quality and performance. The chapter reviews the relationship between data privacy and data security. It argues that data security cannot be achieved until data privacy issues have been addressed. Simply put, data privacy is fundamental to any data usage policy and data security to the data access policy. The topic is then discussed in broader terms, in the context of data and information management, covering various themes such as cyber-crime, governance, and innovations in identity management. The chapter's intended outcome is to clarify the relationship between data privacy and security and how this understanding helps reduce data abuse. The link between privacy and security will also demystify the reason for high costs in implementing and maintaining security policies and explain why leaders need to provide stronger IT strategic leadership to ensure IT investment is defined and implemented wisely.
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