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Where Privacy and Corporate Governance Laws Meet
[Editor's Note: This is the first in a series of articles addressing some of the key issues surrounding corporate responsibility with respect to the privacy of information and security breaches.]
As business information, particularly in electronic format, continues to proliferate, the need to maintain the security of this information is increasing. There are privacy and corporate governance laws that govern the obligation of a company to keep information secure. According to the Global State of Information Security 2006, a worldwide study by CIO magazine, CSO magazine and PricewaterhouseCoopers representing the responses of almost 7800 senior executives, 'Noncompliance runs broad and deep in all industries, and ignorance of applicable law is a big factor.' This article provides an overview of two important information security obligations ' security procedures and practices and document destruction ' under privacy and corporate governance laws.
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