ISME April 2018

Data Governance
The Facebook
Data Cambridge
Analytica has used
data that might
have helped them
achieve their ends,
but they missed out
on the questions.
of 112,000 FedEx customer
records. People in business
have started to regard
data breach as something
mainstream. These things
come and go and work goes
on as usual. This is a very
careless mind-set that needs
to change. True we cannot
do away with technology
but we do not need to pay
something far more than
what is justified to enjoy the
benefits of technology. In
case of businesses, data
security is very important.
A data breach can shake
the very foundations of an
organisation. It is high time
that people in business take
a firm stand against data
breach that threaten the
security of organisations.
Are you ready?
If you are let us take a look
at the importance of Data
Governance and the lessons
that we can learn from Facebook
and Cambridge Analytica
Debacle.
1. Data Governance is
not Only about Security:
The threat to data is not getting
less with the advancements in
technology. It is estimated that
given this scenario, one-third
companies of the world will
experience a material breach
that might involve a number of
10,000 records in the future.
Looking at the Cambridge
Analytical stories it has been
clearly stated by the people
involved in important positions
that it is not correct to call the
whole affair a breach. Maybe
this was not a breach of security,
but it was a breach of policy and
trust. The fact that Cambridge
Analaytica did not have to hack
Facebook to obtain data makes
users feel very insecure about
the experience.
It is a written and most times an
unwritten rule that organisations
that are entrusted with customer
data must do everything in
their power to govern it well.
Governing data well does not
only mean taking care of the
security measures but also
involves the need to create
meaningful and thoughtful
policies that states how data
needs to be managed. One must
also ensure that the controls
are in a place from where an
organisation can control and
audit those policies.
Intelligent SME | April 2018
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