information governance is about protecting confidential and customer-related data, it can head off the bad publicity and loss of customer confidence that can result from a data leak.
Security breaches can be highly damaging, leading to fines from data regulators, criminal prosecution, as well as severe reputational damage. The loss of intellectual property is another risk, while an inability to respond to Freedom of Information (FOI) requests can be a serious issue.
Although around two-thirds of organisations will have some level of information governance policy in place, its effectiveness is widely crippled by poor training. Only 16% regularly train all staff while 31% do no training at all.
You can read more in the computerweekly.com article by Doug Miles entitled, The Challenges of Information Governance in Our Increasingly Litigious Age