Leaders Roundtable: The Need to Evolve Data Governance & Management
A lack of data governance can harm your business
The way we govern and manage our data is critical in an environment where data breaches have become all too common.
According to a report by Ponemon Institute (sponsored, analysed, and published by IBM):
- 83% of businesses experienced multiple data breaches over the past 12 months.
- 42% of data breaches originate internally, where the average time to identify and contain them is 277 days!
- In 2022 a single breach can cost around USD 4.2 million for Australian businesses.
Yet organisations in Australia fail to understand the risks fully, according to technology and cybersecurity decision-makers.
Every organisation needs to secure its data at every stage of its life. This means the data team must manage the data better and that the cybersecurity team has to protect the data. Policies and controls that support secure behaviour are crucial to keep customer data private and secure. The success of cybersecurity initiatives will depend equally on data security and data governance.
Join your industry peers for this Executive Leaders discussion on how businesses are changing their approach to data governance and management. The conversation will highlight how they are reducing the attack surface, improving their ability to respond to breaches, and the processes and data governance required to drive a more secure, compliant business.
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