Risk Mitigation

Business has always been about risk/reward. Will the expected returns of my investment justify the business risk associated with the venture?

In a simpler time, this was just about all a businessperson had to consider.

Today, however, there are so many external factors that impinge on managing a business that risk can manifest itself in ways that have little or nothing to do with the business itself. However, these risks cannot be ignored. They must be addressed and managed to preserve the business entity.

New laws and regulations are forcing business to look at their data in a whole new light. Now added to their data management challenges is managing and protecting disparate document and data types, while reducing operational overhead and retrieval costs associated with legal discovery support. In addition, global data retention and auditing laws can impose significant constraints on a company’s data storage security practices.

Customer Highlight

In the name of risk mitigation one prominent financial services company stored “out-of-service” disk drives indefinitely in secure rooms in multiple data centers across the country. These drives, many of which have residual economic value, contain data that simply can’t be allowed out of the building. As such, this customer not only had to forego the value of the drives (easily recoverable by returning the drives to the disk system vendor) but had to go to the added expense of having the drives physically destroyed on-site.

PeakData not only demonstrated how to securely erase the data from the drives (and certify the work drive-by-drive) but set up a process at multiple data centers around the country to do the work on an ongoing basis. The result—a process that is totally secure and significantly less costly than before. In fact, recouping the economic value of the disk drives pays for the disk eradication process several times over.

Department of Defense (DoD) Directive 5220, the Sarbanes-Oxley Act, the Health Insurance Portability and Accountability Act (HIPAA), the Gramm-Leach-Bliley Act (GLBA), and other regulations require that data be protected in adherence with precise guidelines, making data protection a high priority. Allowing data to get into the wrong hands is simply not an option – from a legal, financial, and public relations perspective.

PeakData Risk Mitigation Services help companies address the increasingly complex challenges of regulatory compliance, business governance, and litigation support requirements while reducing the risk associated with retaining and managing exponentially growing volumes of corporate records. Potential benefits include:

Lower costs associated with legal imperatives
Reduced risk of costly fines and penalties
Alignment of staff, processes, and policies
Improved compliance to government and other regulations

Risk Mitigation

Customer Highlight

Services include