Watch Ed Moke, VP of Operations at Index Engines explains the process of legacy backup tape remediation. Purging legacy disaster recovery tapes saves offsite storage costs (Iron Mountain, Recall and others) and eliminates risk and liability of the unmanaged user files and email. Index Engines supports direct indexing, search and extraction of files and email from tapes created using Symantec NetBackup and Backup Exec, IBM TSM, EMC Legato Networker, CA ArcServe, HP DataProtector, and others. Simply load DLT, LTO, AIT and other tapes in library and automate the process of indexing and extraction of the content based on legal and compliance policy. No need for expensive tape restoration or the original backup software.
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On average, each gigabyte of data represents approximately $18,000.00 in e-discovery costs.
On a per-gigabyte basis, costs ranged from $125 to $6,700 for the collection of data, from $600 to $6,000 for processing electronic data, and from $1,800 to $210,000 for the legal review.
It is unrealistic to expect much room for improvement in the rates of human review. While it only costs about $.20 a day to buy one gigabyte of storage, it costs much more to have the stored data reviewed in the event of litigation. Thus, taking steps to establish a process and procedure for retaining only necessary data and deleting unnecessary data will reduce costs by reducing each gigabyte of data that needs to be reviewed. Full Article>
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The Department of Health and Human Services just fined BlueCross BlueShield of Tennessee $1.5 million for lack of encryption of over 1 million patent records on stolen hard drives. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules requires patient records be secure and protected. This case shows the financial impact of such an investigation, which is well beyond the $1.5 million fine, at an estimate of $17 million to support the case, as well as the notification and management of the security breach.
Sound policies are important. Many organizations have yet to implement policies that ensure compliance with HIPPA, or SOX, or whatever regulatory policy impacts your industry. Lack of policy is a major liability that will hurt every organization down the road. Understanding data assets and managing them accordingly is critical to managing these liabilities. Implementing a defensible deletion strategy will clean up legacy content that should not be retained. Proactively deploying sound information governance initiatives will protect every firm from such fines and penalties. Read Article
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