The paper, entitled “Confidential Collaboration: How to manage regulatory compliance & data privacy while keeping your data safe”, was commissioned by Intralinks and written by Field Fisher Waterhouse.
It makes recommendations on the steps that organizations should take to help achieve legal compliance, using examples of recent high profile incidents involving corporate information use, access and sharing.
The paper explores the following issues:
- Recommendations on how to minimize legal risks, and avoid significant fines, penalties and loss of reputation resulting from non-compliance
- Data protection laws in different legal jurisdictions, including the EU and the US
- An objective assessment of where data is safest, in terms of legal rules preventing unlawful access
- The importance of comprehensive due diligence when working with third party data processors
- Guidelines for IT and Business management for proper governance, risk mitigation and compliance
The paper’s author, Stewart Room, Partner at Field Fisher Waterhouse, says: “Many organizations are slow to realize the threats posed by ungoverned collaboration and information sharing. The evolution and proliferation of collaboration and information sharing tools, improved mobile connectivity, the adoption of agile working practices, and device affordability, all mean that organizations’ perimeters are deconstructing.”
He continues, “The resulting loss of control over commercially sensitive or highly regulated information can lead to significant legal risk.”
John Landy, CSO, Intralinks, adds: “With PRISM, the NSA, and Wikileaks in the news on a daily basis, businesses and their employees are becoming increasingly aware of the potential risks around data privacy. These are of prime concern for CIOs and CISOs who understand that successful collaboration and information sharing are vital to business success but, with data breaches costing US companies an average of $5.4m, they are especially mindful of the growing regulatory powers in place to ensure greater data security and punish breaches.”
Landy concludes, “It’s our aim to make businesses fully aware of these regulations, and offer them best practice advice on how to share corporate information both internally and externally, while remaining secure and compliant.”
The report can be downloaded for free here.
Intralinks Holdings, Inc. (NYSE: IL) is a leading, global technology provider of inter-enterprise content management and collaboration solutions. Through innovative Software-as-a-Service solutions, Intralinks solutions are designed to enable the secure and compliant exchange, control, and management of information between organisations when working through the firewall. More than 2.7 million professionals at 99% of the Fortune 1000 companies depend on Intralinks' experience. With a track record of enabling high-stakes transactions and business collaborations valued at more than $23.5 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration solutions. For more information, visit www.intralinks.com.
About Field Fisher Waterhouse
Field Fisher Waterhouse is a European law firm providing commercial solutions across a range of industry sectors. We have a particular focus on companies that are highly regulated and those with intellectual property and technology driven business models.
The firm has over 150 partners, 240 other lawyers and nearly 300 support staff across offices in Brussels, Hamburg, Paris, London, Munich, Manchester, Shanghai and Palo Alto.
Our main areas of practice are corporate, IP, technology and regulatory law. We also have leading expertise in areas such as banking and finance, financial services, real estate, dispute resolution, personal injury and medical negligence. Our sector focus is on Technology, Media & Telecoms, Energy & Natural Resources, Financial Institutions, Hotels, Retail & Leisure, and Life Sciences & Healthcare.
We have an international client base that includes listed and unlisted companies, multinationals, financial institutions, professional partnerships, trade associations and Government departments.
For more information, visit http://www.ffw.com/
Forward Looking Statements
The forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are express or implied statements that are not based on historical information and include, among other things, statements concerning Intralinks’ plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from those contemplated in these forward-looking statements. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof. As such, Intralinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For a detailed list of the factors and risks that could affect Intralinks’ financial results, please refer to Intralinks’ public filings with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K for the year-ended December 31, 2012 and subsequent quarterly reports.
Trademarks and Copyright
“Intralinks” and Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks. © 2013 Intralinks, Inc. All rights reserved.