Everyone knows about the General Data Protection Regulation (GDPR). The GDPR is the EU’s new privacy regime in the region. Over a year has passed since its implementation and organizations are discovering how strict EU countries will enforce the law. One main provision of the GDPR is for organizations to have security measures in place that will safeguard private consumer data.
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As massive data breaches continue to make headlines, companies of all sizes are focusing their efforts on information security. But before an organization can put security policies and procedures in place, they need a well-crafted information governance framework to properly manage valuable data and minimize risk.
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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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