Reinvigorating a Y2K mind-set to help prevent future compliance, legal and cyber threats requires understanding and protecting an organization’s enterprise information. Appointing a chief data officer (CDO) or chief information governance officer (CIGO) with boardroom clout is an important step, as is conducting information mapping across the entire enterprise.
Explosion of Data and Cyber Risks
Y2K may be behind us, but the digital threats to corporate information are more significant than ever as organizations contend with the evolving landscape of data, information, cyber security, cloud computing and digital channels. The explosion of data is only increasing; by 2020, 1.7 megabytes of new information will be formed every second by every person.