data regulation — what do you need to know?

1
46 Infosecurity Today May/June 2005 c o l u m n Data regulation — what do you need to know? Tim Wilkinson Tim Wilkinson [email protected] High profile fines have recently been imposed on individuals and companies for failing to protect electronic data — dramatic evidence that this is now a matter of personal concern for all senior managers, not just the person in charge of IT. T he quality, integrity and security of business records are now the direct responsibility of a company's Board of Directors. Data regulation is here to stay - what actions can you take to protect yourself, your business and your clients’ businesses? Managing risk As businesses become increasingly networked and commerce relies more heavily on electronic communication (both internal and external), so our businesses become more vulnerable to electronic failures, disruptions or loss of data.The current climate has an extensive and serious list of poten- tial threats to business, such as malicious acts, vandalism, virus, hacking, bomb, fire, flood software, hardware or application errors, and power outage. Are you ready? Most businesses are expected to have some plans or procedures to address these risks, and international standards are driving the agenda on risk management and corporate data protection.The table below outlines the scope of some of these standards: What steps should company directors take? There are a number of questions which Boards and IT Directors should ask themselves, such as: (i) Is it still appropriate to pass physical unencrypted tapes of my company's data to an employee or external courier? (ii) Should my corporate data reside in a central city location where, in the event that I can not access that office, my business cannot continue? (iii) Can I save money by centralis ing servers and storage in a facility managed by an external provider with both expertise and economies of scale, which I can use to my advantage? Outsourced managed services There are a number of infrastructure services from various providers that are specifically designed to address these concerns. Secure data storage through an outsourced provider is proving to be an attractive and cost effective option for businesses of all sizes, from public to private companies. With outsourced data storage, copies of all data are held offsite in a remote data centre, far from the cor- porate buildings. Data is encrypted, backed up and transferred via secure communications links to the data cen- tre where it is held until required for business continuity. Servers, applica- tions and data can be replicated to the data centre so that they are rapid- ly available in case of any breakdown or loss of data at company offices. In cases of disaster or severe dis- ruption, a company’s applications and data can be accessed by staff working remotely, assuring seamless business continuity. Data integrity, confidential- ity and security is assured, meeting all current and likely future require- ments of data regulations. Business continuity Using outsourced data storage for assuring data security also has the potential for major cost savings. Investment in managed services for business continuity computing re- duces IT management costs, improves efficiency and above all ensures that business continues unaffected in the event of significant disruption. Tim Wilkinson, Sales Director, Managed Services Tel: +44 (0) 1423 850 000 Web:www.intechnology.co.uk

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46

Info

security To

day

May/June 2005

co

lu

mn Data regulation —

what do you need toknow?

Tim Wilkinson

Tim [email protected]

High profile fines have recently been imposed on individualsand companies for failing to protect electronic data — dramaticevidence that this is now a matter of personal concern for allsenior managers, not just the person in charge of IT.

The quality, integrity and securityof business records are now the

direct responsibility of a company'sBoard of Directors. Data regulation ishere to stay - what actions can youtake to protect yourself, your businessand your clients’ businesses?

Managing risk

As businesses become increasinglynetworked and commerce reliesmore heavily on electronic communication (both internal and external), so our businesses becomemore vulnerable to electronic failures, disruptions or loss of data.The current climate has an extensive and serious list of poten-tial threats to business, such as malicious acts, vandalism, virus,hacking, bomb, fire, flood software,hardware or application errors, andpower outage.

Are you ready?

Most businesses are expected tohave some plans or procedures toaddress these risks, and internationalstandards are driving the agenda onrisk management and corporate data protection.The table below outlines the scope of some of thesestandards:

What steps should company directors take?

There are a number of questionswhich Boards and IT Directors shouldask themselves, such as:

(i) Is it still appropriate to pass physical unencrypted tapes of my company's data to an employee or external courier?

(ii) Should my corporate data reside in a central city location where, in the event that I can not access that office, my business cannot continue?

(iii) Can I save money by centralising servers and storage in a facility managed by an external provider with both expertise and economies of scale, which I can use to my advantage?

Outsourced managed services

There are a number of infrastructureservices from various providers that arespecifically designed to address theseconcerns. Secure data storage throughan outsourced provider is proving to bean attractive and cost effective optionfor businesses of all sizes, from publicto private companies.

With outsourced data storage,copies of all data are held offsite in a

remote data centre, far from the cor-porate buildings. Data is encrypted,backed up and transferred via securecommunications links to the data cen-tre where it is held until required forbusiness continuity. Servers, applica-tions and data can be replicated tothe data centre so that they are rapid-ly available in case of any breakdownor loss of data at company offices.

In cases of disaster or severe dis-ruption, a company’s applications anddata can be accessed by staff workingremotely, assuring seamless businesscontinuity. Data integrity, confidential-ity and security is assured, meeting allcurrent and likely future require-ments of data regulations.

Business continuity

Using outsourced data storage forassuring data security also has the potential for major cost savings.Investment in managed services forbusiness continuity computing re-duces IT management costs, improvesefficiency and above all ensures thatbusiness continues unaffected in theevent of significant disruption.

Tim Wilkinson, Sales Director,

Managed Services

Tel: +44 (0) 1423 850 000

Web: www.intechnology.co.uk