This piece on Law 360 is a good example of just one of the risks that companies and markets are facing as remote working becomes the norm due to the pandemic.
The issue over control of the data and indeed what happens with it, is much easier to control when within an office environment. Certainly, it is very challenging in a remote setting where both accidental and malicious misuse of the information can occur. As such companies really need to think about, not only what and how they use information, but also about their policies and procedures. They will also need to consider how they train and advise employees and how they engage with professional advisors too.
Many companies are deploying better monitoring and surveillance tools to try and detect and deter these sorts of risks from occurring, but you have to balance that carefully with privacy and data protection rights. Something my colleague Robert Grosvenor talks a great deal about.
Unfortunately, this is not an issue that is going away anytime soon, and it’s one that companies must face head on. If not, they could be in for a nasty surprise.
To contact Robert Grosvenor, find him here: https://www.linkedin.com/in/robert-grosvenor-3803115/
The lack of separation between work and home life means that staff who have access to inside information must be more cautious.