ICO seeks to ‘put a price on data protection’

Nigel Harper, 19 June 2009

The Information Commissioner’s Office (ICO) has called for bids to undertake a three-month research project that will develop a sound business case to persuade organisations to invest in proactive privacy protection.

Post-completion, the research project -The business case for investing in proactive privacy protection- will help organisations identify the implications of not having proper data protection and privacy safeguards in place. It will enable organisations to place a monetary value on information as an asset, quantify the risks of holding information, and pinpoint the financial and reputational costs should problems occur.

Source: Information World Review