Resources for Sarbanes-Oxley (SOX)

Data Recovery Planning Being Neglected

www.idm.net.au

According to a new survey by Kroll Ontrack, many companies are neglecting data recovery when formulating their compliance policies and opening themselves up to unnecessary risk.

In an e-mail survey of 100 users, the company found that despite 78 percent of respondents believing that data recovery is the most important component of a compliance plan, only 50 percent say it is part of their company's compliance policy.

Ontrack says regulations such as SOX, HIPAA, PCI, FACTA and more demand that companies take responsibility to protect data and make significant attempts to retrieve data that has become compromised or lost. Consequences of non-compliance can be severe, potentially resulting in financial penalties, reduced stock value, loss of customer confidence and lost sales revenue.

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