Bloomberg Law
Oct. 20, 2015, 4:43 PM UTC

The Data that Isn’t Used...

Casey Sullivan

Can a company have too much data?

Yes, if you’re not careful, according to a panel of in-house lawyers speaking on Tuesday at the annual Association of Corporate Counsel meeting in Boston.

Large financial institutions that have experienced data breaches sometimes have no clue that the compromised data even existed in the first place, said Rachel Reid, Chief Privacy Officer of Voya Financial, who has spoken with lawyers at such companies.

“They didn’t know that it was even out there, or what information was on it,” said Reid, referring to the lawyers’ lack of knowledge of the compromised servers at ...

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