find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Information governance of utmost importance

Information governance of utmost importance

In a world where cyber attacks and data breaches are on the rise, law firms must break out of their silo and work with other professionals to ensure they are governing their information to maximise benefit and minimise risk, according to IGANZ.

Speaking with Lawyers Weekly, Susan Bennett, co-founder and director of Information Governance ANZ (IGANZ) said it’s now more important than ever that law firms embrace information governance.

“What information governance does is it ensures that information is managed to achieve the strategic objectives of the organisation by providing an information governance framework, systems and processes that are designed to maximise the value of data held within an organisation as well as minimising the risks of holding that information,” Ms Bennett explained.

“The risks of holding information are that you've got too much information and that your sensitive information ... is not held in a secure way. Then if you're subject to a cyber attack and there are data and privacy breaches you will have enormous costs and problems in sorting all of that out and dealing with it.”

IGANZ, which officially launched last night at an event hosted by EY, is a think tank on information governance and aims to bring together all the different professionals dealing with information across organisations.

“A holistic approach to cyber security, privacy, records and information management is critical,” Ms Bennett said.

“So the idea or the goal of IGANZ is to be a think tank that brings together different professionals from across the different disciplines to broaden the conversation, to break down the silos and work together.”

She continued: “Collaboration across the silos of cyber security, IT, privacy, records management and information management will help you secure your information and enable you to maximise the value of information that you hold within your organisation, as well as minimise the risks.”

Ms Bennett said the need for lawyers to collaborate with other professionals is growing.

“This is an illustration of the way in which lawyers and other advisers will work differently to how they've been working in the past, because lawyers have typically been siloed and IT has been siloed,” she said.

“In the new digital age we need to work more closely together and rely on the skills and expertise of each other to actually achieve the objectives, not only in relation to security of information and information governance objectives, but overall organisational objectives.”

US leading the way

Ms Bennett said that Australia is lagging behind the US in this area.

“In the US a major driver for information governance was the cost of e-discovery and document production for litigation and regulatory investigations,” she said.

“In the US there are significant sanctions and fines for not being able to produce documents.”

This was ultimately the main driver behind Ms Bennett establishing IGANZ with co-founder Marie Felsbourg.

“I have been aware of the information governance developments in the US and the prominence that it has in the US and I formed a view that we needed something similar in Australia to drive the thought leadership and the knowledge around information governance and information governance best practice,” she said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Information governance of utmost importance
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...