In this dynamic privacy and cybersecurity regulatory environment, adapting a flexible framework with a system of controls based on core privacy and cybersecurity principles will allow businesses to get ahead of any future requirements and avoid a complete overhaul of corporate systems. In this guest article, Akin Gump partner Michelle Reed and associate Madison Gafford explore the current legal landscape and detail the three stages of control implementation to decrease the risk of liability from breaches and privacy incidents. See “Best Practices for Data Transfers in the Wake of Schrems II” (Mar. 3, 2021).