Does rational thinking have a place in data protection?
“Much has changed in the last 24 months,” says Charles Woods, worldwide business unit executive for governance and risk management, from IBM Corp.’s Global Business Continuity and Resiliency Services Consulting Practice. Thanks to increasing regulations, Woods says many finance-related organizations and large global companies have become much more proactive in assessing and addressing risk with the result that their “range of spending can vary by as much as a factor of four or five, depending on the industry.” But fundamentally, companies may still be missing the boat. Bentley College Professor of Mathematical Sciences Charlie Hadlock has worked the risk equation from many perspectives. Previously employed at the consulting firm of Arthur D. Little, he did risk analysis and consulting for companies around the world. More recently, as dean of the undergraduate college at Bentley, he has been involved with risk planning and even Y2K preparation. “There is a lot of hype from companies sel
