Battle Over Personally Identifiable Information = Lost

By Ed | June 19th, 2009 | Category: Privacy & Security | No Comments »

A new research report titled “Protecting Personal Information: We Lost the Battle, Can We Win the War?” by TowerGroup, declares that the financial services industry has lost the battle to protect consumers’ personally identifiable information (PII) data.

TowerGroup’s George Tubin points out that “in light of the loss or theft of hundreds of millions of data records containing PII, the financial services industry must consider the ramifications of past, present and future data losses.”

While greater access to customer data is key for businesses to improve customer relationship management and business processes, there will always be repercussions, including the possibility of personal data landing in the hands of the wrong parties. However, while the battle to protect data has been lost so far, TowerGroup firmly believes that the war can be won.

The TowerGroup Research Note titled “Protecting Personal Information: We Lost the Battle, Can We Win the War?” may be purchased online at the TowerGroup Store via credit card by using this link.

Original story : News Agencies
More Information : BuildaSkill’s Banking & Payments discussion forums

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