The Complexities of Storage Compliance Time to Create a Strategy and Framework for Enterprise Data WRITTEN BY KURT HILDEBRAND W
E live in a hyper-connected world filled with business executives who are hyper-sensitive about data security. As they should be.
The healthcare and retail industries seem to be the most at
risk. Since 2009, 29.3 million patient healthcare records have been compromised. With the growth of healthcare systems surging in 2014, so will breaches of data and patient privacy, according to industry reports. In retail, with a national chain’s 2013 holiday cyber-security failure still fresh in consumer’s minds, a major arts and crafts supplier confirmed that there was a security breach within some of its U.S. credit card processing systems between May 2013 and January 2014. That breach may have compromised about 2.6 million credit cards.
Lingering Concerns Security liabilities are magnified by government regulations around privacy. There are thousands of state and federal regulations that mandate how companies should handle stored electronic records, many of which target general accounting and communications practices, such as the Sarbanes-Oxley Act or Securities and Exchange Commission rules. In addition, liability concerns always linger around electronic discovery—the process in which stored data is sought, located, secured, and searched as evidence in a civil or criminal case.
Secure Data Management All of this means that the way companies manage data across
the storage infrastructure must include defined processes and an over-arching information governance policy. According to the Data Governance Institute, organizations need a formal data governance framework when 1) Organizations
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