The Financial Times reports on lessons that should be gleaned from data breaches that have affected several large companies. Saying that recent high-profile data breaches were "more a failure in management than a failure in security," the column notes that chief executives should place data governance on par with processes such as financial reporting and brand management. A major breach of privacy can have an effect on a company similar to a product recall or defect. "Managing consumers' data and privacy is an executive matter of the highest priority," the column states, adding that security efforts like encryption and firewalls are "only part of the challenge." (Registration may be required to access this story.)
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