The coronavirus is here and is impacting our daily routines. Organizations have responded by mandating that everyone works from home to be safe from exposure. Social distancing is the new norm. Virtually all businesses now must cope with managing a virtual workforce to some degree. That comes with new security risks for the data that businesses spend millions of dollars to protect.
Early Case Assessment (ECA) enables law firms and companies to significantly reduce costs by eliminating non-relevant data while providing valuable insight into data sets early in the discovery process. While ECA tools and methods have become more mainstream in the last few years, there are still many features and benefits that are not well-known or understood.
From GDPR to HIPAA, and ever-evolving state and federal regulations, the need for clear and effective strategies for management of seemingly endless amounts of data is at an all-time high. Organizations must focus on Information Governance not only to minimize potential liability, but to improve operations and reduce costs.
In 2018, the federal government received 863,729 FOIA requests and spent over $540 million on related costs. With these numbers rising each year, the burden on federal agencies is escalating rapidly. This same scenario plagues state and local governments as well, albeit on a different scale.
Imagine you are the CIO of a large financial institution and you just discovered two unencrypted laptops stolen from your premises, which contained customers’ personal information (also known as ‘personally identifiable information’ or PII). The highly visible data breach is likely to result in bad public relations and potentially a class-action lawsuit on behalf of the individuals whose identities were stolen.