The cost (both financial and time) of eDiscovery is substantial. In fact, it's only getting more prohibitively expensive as data storage gets cheaper and easier to set up and companies have to comb through an ever-increasing amount of information.
According to sonaku.com, a compliance manager is a professional that keeps the legal and ethical integrity of a company intact through policy enforcement and program planning. He or she makes sure all departments of a business are complying with the rules and regulations the company upholds.
If there is one thing to take away from the last year, it is that information should not be taken for granted. Not only can a data breach cause huge issues, but it can actually be used to generate revenue.
As we've discussed before, there are many roadblocks to a successful information governance project. One major issue not mentioned in that post is Shadow IT.
Risk is a scary word for any organization and many will go to great lengths to avoid it. Especially when we are discussing information risk, which is chock full of serious consequences. The best way to mitigate information risk, however, is a solid information governance program.
This is a guest post from Noah A. Frank. He practices labor and employment law at SmithAmundsen LLC, a law firm comprised of more than 170 attorneys in the Midwest. The firm handles the transactional, labor and employment, and litigation needs of companies across the U.S. For more information, visit www.salawus.com. Mr. Frank may be reached directly at email@example.com.
Email compliance is an issue every organization deals with, to varying degrees of success. Unfortunately, employees (including upper management) are not helping the cause.
There is a lot of misunderstanding around information governance and what it really entails. Below are a few common misconceptions about IG and an explanation of the true state of IG.
The Financial Industry Regulatory Authority (FINRA) fined Wells Fargo, RBC Capital Markets, LPL Financial and others a total of $14.4 million for a records management problem. This risk and compliance issue may have allowed company and customer records to be altered.
A report from Kaspersky Lab finds that a staggering 73% of companies had internal incidences last year, mostly caused by poor or inadequate training. This is certainly distressing news from an information governance perspective. Let's dig in to the numbers a little more and talk about some ways to combat this problem.