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Experts On Regulation: It’s “Just Good Business”

DATA PROTECTION—U.S.

November 9, 2011

A Financial Times report offers experts' takes on how to handle multiple--and changing--data protection regulations, noting that a Ponemon Institute study has placed the average cost of compliance at $3.5 million. One IT expert says companies should work to anticipate future legislation, while a PricewaterhouseCoopers consultant disagrees, saying early action once regulations are outlined is the solution. Both agree, however, that "Regulation is just good business." Brian Murray of 2e2 IT consultancy says one successful method involves building a "management framework that can cope with similar aspects of different regulations," adding, when new regulations come along, cost and time burdens for compliance are reduced for these businesses. (Registration may be required to access this story.)
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