The WikiLeaks Effect: Managing Risk and Uncertainty
Liz Andrews 2700041WEU email@example.com | | 0 Comments | 259 Visits
Fueled by a global audience that is desperately looking for disclosure in the wake of the economic crisis and mature digital computing technologies that make it more and more difficult to contain sensitive information, WikiLeaks has emerged as a viable new threat to data security.
Until now the United States government has been the central target of WikiLeaks attacks, however, with WikiLeaks founder Julian Assange’s recent claim to be ready to release corporate secrets in early 2011, organizations everywhere are faced with a looming risk management challenge that is not likely to dissipate anytime soon.
Experts agree, and Assange himself has suggested, that the information that will be leaked is more likely to consist of internal communications between executives and other employees rather than the personal data protected by privacy compliance laws. However, the threat of any kind of exposure means that corporations need to tighten data security and evaluate areas of potential vulnerability.
Unfortunately, WikiLeaks has highlighted a liability that persists across all corporations and government agencies that technology and compliance measures alone simply cannot contain: the human factor. The increasing number of compliance and regulatory mandates that have been put in place in recent years have not proven enough to combat the risk posed by employees leaking sensitive information.
A recent poll by Harris Interactive reports that only 9% of companies have adequate crisis protocols in place to protect themselves from a potential onslaught. In this period of uncertainty, with virtually all large enterprises under the WikiLeaks radar, it is vital that organizations devise an adaptable enterprise risk management strategy to identify and manage areas of weakness without sacrificing business performance.
Just as a sharp increase in regulatory compliance mandates has created a necessary shift in industry risk management tactics, so has WikiLeaks spawned the recognition of new vulnerabilities that face companies in the modern digital age. The organizations that are well prepared to assess and mitigate against untested threats, like the one posed by WikiLeaks, are those that combine deep domain expertise with powerful and flexible tools to analyze and weigh the probability and cost associated with any given challenge.