Mitigate the compliance and litigation risks to your business by application of a robust Discovery preparedness methodology
We consider Discovery Risk Mitigation to be a journey to maturity that focuses on the aspects of Information Governance relating to Discovery, specifically targeting three areas; Litigation, Investigations and Fraud Risk.
Traditionally, corporate attitudes to litigation and investigations have been very reactive in nature; responding to events as they occur, hopefully in the most efficient and cost-effective ways possible but when under duress, that is not always possible.
The collection, preservation and processing of electronically stored information should, by definition, exist as a subset of a broader Information Governance strategy. With regulatory requirements becoming ever more demanding, by having well established processes, clearly understood responsibilities and clarity in the tools or partners needed to meet litigation, investigatory and fraud detection challenges, an organisation becomes more prepared. The costs and stress of a reactive response are likely reduced, whilst at the same time improving the regulatory compliance posture of the business.
However, the ultimate maturity is to work to prevent or mitigate against fraud and litigation risks. Not only can this save you the operational costs of reacting to events, but more importantly can reduce potential damage to corporate reputation and associated fluctuations in share price.
Discovery Risk Management delivers both strategically and tactically across the organisation. The operational benefits can be realised earlier on in the journey, whilst the more strategic initiatives are deployed and the benefits realised over time.
The Discovery Risk Mitigation journey starts with a facilitated Workshop, run by Salient staff, in which we guide delegates through a process to:
Throughout the process we refer back to three core elements of information governance that have a direct impact on the maturity of Discovery Risk Mitigation.
Enriching data to better understand and manage retention policies, data ROT (Redundant, Obsolete & Trivial), data leakage and so on, is a key aspect of effective management of the data estate.
The demands placed on organisations with respect to data privacy can appear to conflict with the need to monitor the environment for potentially fraudulent activity. Salient helps you to understand what is permissible and the pitfalls to avoid.
Having a clear understanding of where your data is within the estate, is a fundamental element of successful Discovery processes, whether reactive or proactive.
Once you have understood where you are on the Discovery Risk Mitigation maturity continuum and what your ideal end-point is on your journey, Salient Discovery has a range of services that can contribute and deliver value at the appropriate stage, including:
To find our more, or to discuss your requirements with one of our team, contact us here.
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