Australia has recently taken significant action in the realm of data security that will potentially have global impact. In December 2018, the Australian Competition and Consumer Commission (“ACCC”) released recommendations on ways big technology companies can improve data security.
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Law firms are in the information business. Information is a critical operational asset for firms, and is effectively the primary product. With the dramatic explosion of the volume of information and the risks inherent in operating in a largely digital universe, it is not only prudent but critical for firms to invest in developing an effective information governance strategy and a mature records and information management (RIM) program.
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