Risk Monitoring Center™, Other Free Resources to Help Enterprises Minimize Exposure Points

San Francisco, June 4, 2009 – Recommind, the leader in search-powered information risk management (IRM) software, today launched free resources aimed at helping enterprises minimize the risks posed by corporate data. In a recent survey conducted by Osterman Research, Recommind found that despite the recession’s impact and the documented effects of uncontrolled information, most enterprises are still not working proactively to limit exposure. Recommind’s new Risk Monitoring Center™ offers free tools and resources for companies to assess their information risk and take action, helping practitioners quantify and justify the need for critical infrastructure investments.

Several recent developments such as the strengthening of the DOJ’s antirust stance and the EU's $1.5 billion fine of Intel demonstrate the immediacy of confronting information risk. Recommind’s aforementioned survey suggests that events of this nature will cost enterprises millions of dollars because they don’t have the necessary information management infrastructure to comply with sweeping regulation. These results and recent developments should serve as a clarion call for enterprises to take action in addressing the information risk inherent in their operations.

Recommind has launched a multitude of resources to educate enterprises about information risk and help them locate, quantify and address their most pressing exposure points.

Risk Monitoring Center

Recommind’s Risk Monitoring Center (RMC) is the industry’s first and only collection point for information risk-related data, alerts, stories, guides and other helpful information to be used by eDiscovery / eDisclosure, records management, compliance, enterprise search and knowledge management practitioners in enterprises the world over. The RMC is an ideal launching point for any inquiry or initiative related to information risk.

Information Risk Alerts™

Information Risk Alerts are breaking news alerts detailing specific events in the Information Risk sphere – e.g. information risk incidents, compliance developments, case law updates, federal regulations, etc. – rating the severity of each incident and suggesting next steps for information risk practitioners. General counsels, IT managers and other knowledge workers can use the alerts to inform senior executives and begin formulating the appropriate response. Click here to see a sample Information Risk Alert, learn more about the information risk scale or add the feed to your RSS reader.

Risk Assessment Guide

The Risk Assessment Guide, titled “Is Your Enterprise ‘Information Risky’ or ‘Information Ready’?”, is a step-by-step guide outlining and ranking the threats associated with information risk. This enables individual employees to assess how prepared their organizations are to handle and respond to specific incidents such as eDiscovery events or increased regulatory scrutiny. The Risk Assessment Guide is available for download as a PDF from the Risk Monitoring Center.

Knowledge Resources Center

Part of an overall Web site redesign, Recommind has launched a comprehensive Knowledge Resources Center that includes white papers, case studies, INFOcus - an information risk-focused blog - and detailed summaries of recent case law and regulatory actions.

“Successfully minimizing information risk requires a combination of technology, comprehensive processes and open lines of communication throughout the enterprise. Recent industry developments and market data strongly suggest that a majority of enterprises are falling short in all three areas. We hope that these new risk monitoring and alerting services and knowledge resources will raise awareness about and help facilitate action on this important issue,” said Craig Carpenter, VP of Marketing, Recommind. “It’s a mistake to think that one person or one department should bear the entire burden of addressing information risk. The more people that can be educated about the risks and involved in its mitigation, the more effective the entire program will be.”