Why you need a code of ethics (and how to build one that sticks); CIO, September 17, 2018

Josh Fruhlinger, CIO; Why you need a code of ethics (and how to build one that sticks)

"Importance of a code of ethics

Most of us probably think of ourselves as ethical people. But within organizations built to maximize profits, many seemingly inevitably drift towards more dubious behavior, especially when it comes to user personal data. "More companies than not are collecting data just for the sake of collecting data, without having any reason as to why or what to do with it," says Philip Jones, a GDPR regulatory compliance expert at Capgemini. "Although this is an expensive and unethical approach, most businesses don’t think twice about it. I view this approach as one of the highest risks to companies today, because they have no clue where, how long, or how accurate much of their private data is on consumers."

This is the sort of organizational ethical drift that can arise in the absence of clear ethical guidelines—and it's the sort of drift that laws like the GDPR, the EU's stringent new framework for how companies must handle customer data, are meant to counter."