Information Governance is a must-have in today’s world
With today’s threats of security breaches, regulatory requirements, and ever-growing volumes of information, information governance is a must rather than a nice-to-have. Information governance policies are needed to ensure that corporate information is secure and is easily located. According to a recent study by AIIM:
Excess litigation costs are clearly seen as the biggest risk of a failure of information governance…Since information governance also includes protecting confidential and customer-related data, the bad publicity and loss of customer confidence from a data leak is also of considerable consequence. As we have seen in recent cases such as Sony, a security breach can damage a carefully created brand identity almost overnight, and organizations can incur significant fines from data regulators – or in some regions, a criminal prosecution. Loss of a company’s own intellectual property can, of course, be hugely damaging, and the inability to respond to Freedom of Information (FOI) requests can incur fines from government sector regulators. (Source: AIIM.org)
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