Region: Cannabis Business Summit & Expo

Cannabis Business Summit & Expo

JUL. 20-22, 2022
San Francisco, CA
Room: Hall D-9
Session: TH07
Time:
Thursday, December 16
2:45PM - 3:45PM

Mastering Cannabis Data Privacy and Cybersecurity Challenges

The Business of Cannabis


Room: Hall D-9
Session: TH07
Time:
Thursday, December 16
2:45PM - 3:45PM

Following a dispensary’s January 2020 database breach, 30,000 individuals’ confidential and protected personal and health care information was exposed and, according to IBM Security’s 2020 “Cost of a Data Breach Report”, the average per-data-breach cost is $3.86 million globally and $8.64 million domestically. Because of the sensitive and protected health information that those growing, processing, and selling Marijuana are required to collect and retain, Cannabis data privacy and cybersecurity challenges are severe, expensive but often preventable. Through identifying data’s source, status, collection/storage methods, and access, and adhering to a comprehensive written information security program, Marijuana-Related Businesses (“MRBs”) can reduce data privacy and cybersecurity costs, manage and reduce risk, and deploy an effective “cyber response plan” in the event of a breach.

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