4) Risk – The Sedona Commentary on Information Governance states, “Regardless of an
individual organization’s size, mission, marketplace or industry, information is a crucial asset for all
organizations and, if inadequately controlled, a dangerous source of risk and liability.” That is a pretty
clear statement. And reality proves it out.
We recently worked with a large financial institution that estimated their risk of poor IG to be in excess
of $1B, due to the fines and sanctions in excess of that amount that had been imposed on some of their
competitors. So there are real compliance and legal risks that add up to costs for not having set
processes in place to consistently and systematically govern information. These are largely avoidable
costs.
Another standard argument for defensible deletion is avoiding litigation ri