When it comes to properly managing and protecting critical enterprise data and information resources, Corporate America is stuck between two strongly opposing forces.The U.S. is world “cyber-crime” headquarters (followed closely by the UK), according to the Internet Crime Complaint Center (IC3) 2007 Internet Crime Report. The term cyber-crime refers to criminal activity in which computers and networks like the public Internet play an essential part in the lawbreaking. Americans reported losses of US$240 million from global cyber-crime in 2007, a $40 million increase from 2006, the April 2008 IC3 report states.The IC3 received 206,884 complaints of online fraud in 2007. Cyber-criminal activities include accounting fraud, identity theft, malicious software, data breaches, espionage, sabotage and newly minted esoteric misdeeds such as thumbsucking, podslurping, bluesnarfing and much, much more.In an effort to stem the tide of cyber-crime — or at least compel the business world to be more diligent in implementing prevention efforts — thousands of U.S. state and federal regulations (in addition to numerous voluntary standards) officially require that organizations be in full legal compliance with mandates concerning records management.Each of the following represents just a part of the extensive web of rules and regulations imposing strict obligations on businesses regarding… Read full this story
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