The recruitment sector is increasingly moving to seize the opportunities afforded by digital innovation. Social networks enable the relationships that the industry is built on, and IT systems allow greater interaction with clients and partners than ever before.
However, whilst technology continues to advance, the recruitment sector is not immune to the external cyber threats facing businesses in all industries. The intimate knowledge that it holds is highly confidential, highly sensitive and often critical to a business, and the release of information related to restructuring, offshoring or staff reward can have market and price impacting effects. Equally, issues such as data theft can undermine business credibility and revenues.
At Mishcon de Reya, we recognise the tension between exploiting technology and the risks it can pose. Clients increasingly need to protect sensitive information, and understand how to respond to issues when they occur. In order to help them navigate this, we frequently needed to go beyond traditional legal advice and in response, have hired cyber security expert, Joe Hancock.
Joe is a recognised industry expert in cyber security and risk management, having begun his career in the Defence and National Security sector. He was one of the first cyber specialists in the Lloyds insurance market supporting the underwriting of cyber risks and has helped organisations prepare for cyber breaches and data loss events, to understand the risks they face, and to respond when incidents occur.
A key area of Joe's expertise is cyber insurance, which is likely to become increasingly important for recruitment companies as new Data Protection regulations are enacted across Europe, as the present coverage is often insufficient to meet the specific needs of the sector. He also works closely with Data Protection lawyers at the firm and is helping organisations to understand their requirements under the new General Data Protection Regulation (GDPR) – an area that is set to impact businesses which rely on the blurring of lines between services such as LinkedIn, and their own business contact databases.