The Cost of Legal Holds on Information
The IT Policy Compliance Group, which Symantec funds and is the founding member of, just released a new report based on research conducted on how much it costs organizations when they have to put legal holds on information.
Jim Hurley, research director, led the effort to interview 235 organizations and found extreme costs swings among organizations depending on maturity level of their legal holds practices. Those with "immature" practices pay on average more than 10 times the amount of organizations whose practices and procedures are "mature." Archiving and e-discovery technologies were named among the specific items interviewees identified as having the ability to improve practices and lower costs. Enterprise Vault anyone?
Sept. 8, 2008