May 07, 2013, 5:04 PM — Most companies describe information as the lifeblood of the organization. But too many enterprises have clogged their arteries.
How can this be? Over time, the value of information declines, while the associated costs remain constant and the compliance and legal risks actually rise. This conclusion, based on research conducted by members of the Compliance Governance and Oversight Council (CGOC), implies that those who champion the defensible disposal of all information that has no legal, regulatory or business value can help their companies significantly reduce costs and risk.
The corporate officer best positioned to be such a champion is the chief privacy officer (CPO). Defensible disposal is a particularly appealing idea for CPOs, who already help their organizations identify information of value, catalog where that information resides, and determine how it must be managed and disposed of in order to protect the organization, its employees and its customers.