Is Your Version of Rocket Mobius Ready to Meet the Challenges of Today’s Data Security and Governance Concerns?
September 6, 2023
Data security and governance are significant concerns for most organizations — from large, highly regulated, financial services firms to small businesses that store customers’ Personally Identifiable Information (PII). The prevalence of data cybercrime has accelerated over the last few years and will only continue to grow. In fact, a Deloitte Center for Controllership poll found that 34.5% of executives reported their organizations’ accounting and financial data were targeted by cyber adversaries. An attack isn’t just disruptive, it can also be costly, with the Harvard Business Review finding the average cost of a data breach reached $4.35 million in 2022, covering everything from business downtime to audit fees.
In response, governments around the world are introducing stringent regulations to govern how data and information are processed and managed. Similar to the General Data Protection Regulation (GDPR) data protection laws, the State of Colorado enacted the Colorado Privacy Act that came into effect on July 1, 2023, joining a growing list of other states.
With the increased risk and exposure to cybercrime, organizations must proactively manage their business-critical content systems to mitigate these security risks and adhere to changing government compliance policies. According to J.P. Morgan, two of the easiest ways to mitigate an organization’s exposure to cyberattacks are to update and upgrade your business-critical software and limit and control account access.
Ensuring that you’re operating on a modern version of Rocket Mobius can go a long way toward placing your organization in the best position to mitigate compliance risk.
An upgrade to Mobius View V10+, the flagship of Rocket Content Services, gives you access to the newest features and functions that will help to lower compliance risk, streamline records management, manage information in compliance with information privacy laws, and support information privacy by automatically redacting PII and Sensitive Personal Information (SPI). Because Rocket Content Services provides an open, flexible, and scalable architecture to manage large volumes of information, you don’t need to sacrifice flexibility for compliance.
With almost half of executives expecting a rise in cyber events in the year ahead, and the high cost of managing a breach, the question isn’t whether you can afford to upgrade business-critical content management software, but whether you can afford not to.
Speak with an expert to learn more about how an upgrade to the latest version of Rocket Mobius can help you and your organization take on compliance and prepare for current and future data privacy regulations.