Mathew J. Schwartz reports:
Many companies that look to process and store sensitive data — including intellectual property — abroad as a cost-cutting measure are seeking countries with minimal data breach notification requirements, according to a survey of 1,000 senior IT decision makers by market research firm Vanson Bourne. The survey was sponsored by Intel’s McAfee and Science Applications International Corporation (SAIC).
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Interestingly, about 80% of organizations said that their choice of data storage locale is influenced in part by a country’s data breach laws. About 70% of organizations that do store information abroad select countries with more lenient notification rules.
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