If so, this new August 22 webinar — presented by Lisa J. Berry-Tayman, Esq., CIPP of Information Consulting — may help.
You may not give much thought to your data management. It’s an IT issue, right? Well, no. As the decision-maker, it is your job to determine how to manage the massive amounts of information accumulated by your business, from personnel records to financial information to inspection/structural documents and everything in between. The amount of data we have created and consumed has more than doubled annually over the past five years. This data, if not properly maintained, used, preserved and disposed of can cost your company millions in fines, litigation and lost work:
In 2012, an Indiana organization experienced a breach involving 20,000 records. At an average cost of $214 per record compromised, this breach cost the company over $4,000,000.
In a recent criminal action, the U.S. Dept. of Justice initiated charges against an employee for deliberately deleting 100 text messages between him and his supervisor in response to a possible litigation connection; that employee faces up to 20 years in prison and a fine of $250,000.
According to a recent Gartner study, the average organization loses $8.2 million annually because employees lack the necessary information to effectively perform on the job.
Improper information control by an organization can be more costly and reputation-damaging than a human resources claim. Don’t put your company at risk – register today.