A Research On Information Governance - 869 Words

Information governance [IG] is an approach that employs multiple activities and technologies effectively within an organization. This policy incorporates more than traditional records management as multiple departments are involved in its implementation. An established information governance policy is necessary to reduce accompanying jeopardies and expenses. According to the 2005 Second Annual Data Breach Industry Forecast, after 62 percent of consumers reported they had received at least two data breach notifications involving separate incidents in the past two years, perhaps surprisingly the most frequent response was inaction. [1] This may be an indication that a stronger IG is necessary for some organizations. With the expanded use of cloud and other budding future technologies, more breaches are likely to increase. There are several steps an organization can take implement an effective IG policy.. The illustration below depicts steps a corporation should consider while implement ing a policy. Some key IG drivers include Regulatory Compliance, eDiscovery, Security/Data Privacy, and End User Productivity, and risks associated with free cloud services. Reference Chart for IG Policy Implementation [2] Corporations are dealing with an expanding amount of regulations from international to local level that are making it crucial for company to properly manage information. Examples of these regulations include SEC 17, FINRA 3010/3011, Solvency II, Dodd-Frank, FAR, HIPAA, theShow MoreRelatedAnalysis Of Corporate Governance Disclosure Practices Of Listed Companies1000 Words   |  4 PagesResearch Problem Ever since India opened up its economy to privatization, liberalization and globalization there has been rapid institutionalization of the corporate sector and private enterprise. This has quickened the pace of economic growth since 1992. 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