Intralinks and Field Fisher Waterhouse team

Intralinks® Holdings, Inc. and Field Fisher Waterhouse have announced the publication of their new report proposing best practices to ensure data privacy and regulatory compliance for enterprise collaboration.

The paper, entitled “Confidential Collaboration: How to manage regulatory compliance & data privacy while keeping your data safe”, was commissioned by Intralinks and written by Field Fisher Waterhouse. It makes recommendations on the steps that organisations should take to help achieve legal compliance, using examples of recent high profile incidents involving corporate information use, access and sharing.
The paper explores the following issues:
· Recommendations on how to minimise legal risks, and avoid significant fines, penalties and loss of reputation resulting from non-compliance
· Data protection laws in different legal jurisdictions, including the EU and the US
· An objective assessment of where data is safest, in terms of legal rules preventing unlawful access
· The importance of comprehensive due diligence when working with third party data processors
· Guidelines for IT and Business management for proper governance, risk mitigation and compliance

The paper’s author, Stewart Room, Partner at Field Fisher Waterhouse, says: “Many organisations are slow to realise the threats posed by ungoverned collaboration and information sharing. The evolution and proliferation of collaboration and information sharing tools, improved mobile connectivity, the adoption of agile working practices, and device affordability, all mean that organisations’ perimeters are deconstructing.”

He continues, “The resulting loss of control over commercially sensitive or highly regulated information can lead to significant legal risk.”

John Landy, CSO, Intralinks, adds: “With PRISM, the NSA, and Wikileaks in the news on a daily basis, businesses and their employees are becoming increasingly aware of the potential risks around data privacy. These are of prime concern for CIOs and CISOs who understand that successful collaboration and information sharing are vital to business success but, with data breaches costing UK companies an average of £2.04m, they are especially mindful of the growing regulatory powers in place to ensure greater data security and punish breaches.”

Landy concludes, “It’s our aim to make businesses fully aware of these regulations, and offer them best practice advice on how to share corporate information both internally and externally, while remaining secure and compliant.”