{"id":1363,"date":"2018-05-23T17:50:24","date_gmt":"2018-05-23T17:50:24","guid":{"rendered":"https:\/\/kasperskycontenthub.com\/threatpost\/?p=132209"},"modified":"2018-05-23T17:50:24","modified_gmt":"2018-05-23T17:50:24","slug":"ahead-of-gdpr-information-governance-comes-into-its-own","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/ahead-of-gdpr-information-governance-comes-into-its-own\/","title":{"rendered":"Ahead of GDPR, Information Governance Comes into Its Own"},"content":{"rendered":"
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LAS VEGAS \u2013 In sharp contrast to a year ago, a full 98 percent of US enterprises in a survey from the Information Governance Institute have embarked on information governance (IG) projects. That\u2019s dramatically up (to say the least): Just 10 percent last year had projects in place.<\/p>\n

Why the staggering sea change? Bennett Borden, chief data scientist and chair for the information governance group at law firm Drinker, Biddle and Reath and chair at the IGI, told attendees at the Opentext ENFUSE 2018 conference that IG is finally beginning to be understood as a discrete practice area within businesses, largely driven by the looming General Data Protection Regulation (GDPR)\u00a0\u00a0regulations<\/a> and a heightened awareness of breaches and hacks (the latter is thanks to big cyber-incidents such as the Equifax breach)<\/a>.<\/p>\n

\u201cIn terms of the major drivers for IG, the number one answer for the last six years has been external regulatory, compliance or legal obligations, which have come to the fore in the past year,\u201d Borden said during a session here on Tuesday. \u201cThis year however cybersecurity is driving much of the IG focus too. There\u2019s an awareness now that the more information you have, the more liability there is and the greater chance of a breach.\u201d<\/p>\n

In the IGI research, 48 percent said that they strongly agree that cybersecurity is essential to IG, and 37 percent simply \u201cagree.\u201d This data point is somewhat unsurprising given that 30 percent of respondents said they\u2019ve suffered external attacks this year.<\/p>\n

IG\u2019s Definition Gains Clarity<\/strong><\/p>\n

The landscape has also shifted in the past year as data privacy has come to the forefront. There\u2019s a growing awareness among consumers and businesses alike about how much information we create in our everyday lives, as we take actions and make decisions and effectuate them by digital means. That gives companies access to increasingly huge amounts of data \u2013 data that they don\u2019t necessarily have control over. That creates big risk exposure in terms of the potential for data mishandling<\/a>.<\/p>\n

\u201cWe are the most documented members of our species,\u201d Borden said. \u201cThink about all of the data touches you have when you travel, from key cards for hotel rooms to the use of rewards cards to all of the apps that are supposed to make travel easier. It\u2019s an amazing record of what we do as human beings.\u201d<\/p>\n

However, there\u2019s a discipline that\u2019s missing, \u201cwhich is an overall strategy about the purposeful disposition and use of digital data,\u201d Borden said.<\/p>\n

Enter IG. Borden stressed that IG shouldn\u2019t be conflated with information management, which concerns how data flows through an enterprise. IG, on the other hand, has to do with why we have the information in the first place and what we do with it.<\/p>\n

IG projects include: defining and implementing a framework for how information is treated, and accordingly updating policies and procedures; audits and deletion of old and unneeded data; comprehensive legacy data cleanup; data loss prevention; implementation of legal hold tracking; and execution of big data analytics projects.<\/p>\n

A full 41 percent in the IGI survey said that the definition of IG to mean projects like this has gained clarity in the last year.<\/p>\n

\u201cAlmost every company is doing something around IG, with the updating of policies and procedures leading the way since that\u2019s the easiest to tackle,\u201d said Borden. \u201cCompanies are aware that they have too much data, and they don\u2019t know what\u2019s included or even where it is. You can\u2019t solve that without policies and procedures. So most fall back on this to effectuate data strategy.\u201d<\/p>\n

Global data remediation projects involving getting rid of risky or useless info and organizing the data that\u2019s left over is the second largest group of IG efforts, he added.<\/p>\n

Balancing Interests<\/strong><\/p>\n

IG does face hurdles, not the least of which is the need to balance competing interests across division within the business.<\/p>\n

\u201cIG is fundamentally a coordinating and facilitating function,\u201d Borden said. \u201cMost companies don\u2019t have a framework where you can elicit the perspective of each facet, balance the competing concerns and goals, develop a solution that fits the profile of the company, and then execute it.<\/p>\n

Functions like HR, product development, sales, marketing, legal and so on tend to have function-specific solutions that create and store information; and they also have different perspectives on what data should be used for.<\/p>\n

\u201cThe marketing people\u2019s job is to tell people about things, and they push info out all the time to garner more leads,\u201d Borden said. \u201cThey want accurate and current information to be spread as widely as possible. But the security function\u2019s job is to get the right information to the right people at the right time. Neither\u2019s wrong, but there are conflicting lines of sight\u2014so who wins?\u201d<\/p>\n

Organizations thus need to decide how to govern its information in a way that works for everyone.<\/p>\n

Borden advocates a \u201ccorporate therapy\u201d approach that involves asking a series of questions of each stakeholder: What are the business, regulatory and legal objectives? What information do I need to accomplish them? How long is that information useful? How does it need to be organized while it\u2019s useful, in terms of access, security and privacy? And finally, what do I do with that information once it\u2019s no longer useful?<\/p>\n

\u201cThese questions are critical to developing IG maturity \u2013 you identify business objectives and the major stakeholders, and get them to talk to each other and develop relationships in order to come to a consensus,\u201d Borden said. \u201cThose on the compliance and legal risk side will talk to each other, tech sits in the middle and the business people are often not at the table, even though they are the ones creating and leveraging the information. They couldn\u2019t tell you how to secure it or how long to use it, and that needs to change.\u201d<\/p>\n

The good news is that with the combined carrot (data insights) and stick (risk such as GDPR and cyberattacks) aspects coming to bear, the IG arena has taken off in terms of executive focus. The IGI has seen a big leap in the number of IG leaders with \u201cInformation Governance\u201d in their title (a 41 percent rise from last year to reach 52 percent). The number of organizations with IG steering committees has spiked 26 percent, to reach 46 percent.<\/p>\n

IG Driving Value<\/strong><\/p>\n

While concerns over risk are causing change, so is a new perception of IG\u2019s overall value.<\/p>\n

\u201cWe\u2019re starting to see that companies recognize that it\u2019s just good business practice to get a handle on their data and how they handle it,\u201d Borden said.<\/p>\n

About half (46 percent) of respondents in the survey said they saw value in IG this year, compared to just 16 percent last year, which is a whopping 179 percent change. The number of respondents reporting that their organization was extracting no value from the information it holds was slashed by more than half (a 55 percent decline).<\/p>\n

\u201cCompanies are realizing that the info they create has insights within it,\u201d Borden explained. \u201cAlso, people in senior management positions today were largely raised in the information age, and they\u2019re used to the idea that insights are leveragable.\u201d<\/p>\n

This has of course given rise to the data brokerage world \u2013 which, Cambridge Analytica<\/a> aside, continues to be a lucrative new era companies wanting to explore (legal, privacy-first) marketing and customer service applications of digital footprint data.<\/p>\n

\u201cWe can we understand human conduct by the data trails we leave behind us as we move through our lives,\u201d Borden said. \u201cThe more information we have, the more we can understand what people do, why they do it and what they\u2019re going to do.\u201d<\/p>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A full 98 percent of US enterprises have embarked on information governance (IG) projects, dramatically up from just 10 percent last year. READ MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":1364,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[3],"tags":[756,345,101,751,211,312,757,758,5,759,760],"class_list":["post-1363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-threatpost","tag-bennett-borden","tag-cambridge-analytica","tag-data-privacy","tag-enfuse-2018","tag-featured","tag-gdpr","tag-ig","tag-information-governance","tag-privacy","tag-projects","tag-survey"],"yoast_head":"\nAhead of GDPR, Information Governance Comes into Its Own 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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