Compliance is one of those business functions that's almost purely overhead. There's little business advantage to be gained from maintaining high levels of data protection as required by government regulations. The goal of compliance is almost completely defensive, to protect data and especially to protect the business from the penalties associated with non-compliance. GDPR has upped the ante on those risks, with penalties for non-compliance running as high as €20million or 4 percent of global turnover, whichever is greater.
Even for companies that aren't subject to GDPR, the risks of failing to protect data are substantial. The cost of even a small financial penalty can be greatly outweighed by the reputational damage that comes with bad publicity. As consumers become more concerned and more aware of the value of their data to both marketers and scam artists, they are likely to choose to avoid doing business with companies that don't treat their information with respect.
Making sure you take compliance seriously is critical for reducing the business risks of failing to protect data. Technology from Veritas can help you track and manage sensitive data, increasing control and visibility and allowing you to respond more effectively to audits and other compliance investigations. Consider integrating these tools from Veritas into your processes to get control over rapidly growing data:
- Data Insight. You can't protect data when you don't know you have it, how sensitive it is, what its value is to thieves, and how and where it's used. Data Insight helps you understand the data under your control, using file analytics and proprietary algorithms to evaluate sensitivity and access issues.
- Information Map. Unstructured data that doesn't reside in traditional databases is challenging to keep track of and manage. With Information Map, you don't lose sight of information stored in emails or up in the cloud.
- Enterprise Vault. Controlling data includes retaining data that's no longer needed for business purposes but is required for audit and compliance. Enterprise Vault lets you centralize retention management and simplifies deleting records that are no longer required.
- eDiscovery Platform. Ever-growing volumes of data make it hard to respond to legal and regulatory requests for documents. eDiscovery Platform provides sophisticated search filters to help you produce the records necessary to meet your obligations.
- NetBackup. Protecting data against loss starts with simply protecting data against loss through a robust, reliable backup and recovery process. NetBackup allows you to use one strategy to protect data stored locally and in the cloud. Through integration with other Veritas products that leverage the backup metadata, NetBackup can serve as the foundation of an enterprise data management strategy.
The high risk of noncompliance means implementing effective data protection strategies is a critical business function. dcVAST provides support for the full range of Veritas products, offering a comprehensive solution including managed services to ensure the tools provide the level of protection you expect. Contact us to learn more about the tools you can use to minimize compliance risks.