Well, here is an interesting twist. I can’t say that I’m overly surprised as this type of ranking was inevitable.
From the Associated Press:
Eighteen Japanese firms said Tuesday they were creating the world’s first ratings agency looking at data security, which they said was a rising concern for companies.
The new firm, called IS Rating, will be launched on May 1 and start issuing ratings in July, both to Japanese and foreign companies and organisations.
It will give out ratings based on how they manage data, including files containing personal information, which circulates within the firm or is shared with third parties.
IS Rating will also offer training and edit documents to encourage security.
“For businesses, it’s extremely complicated to measure whether the internal handling of their masses of data is appropriate,” the firms creating the new agency said in a joint statement.
Very interesting indeed.
This would probably be a pre-requisite for some kind of cyber-insurance protection, that was being talked about a few weeks back, to make any sense.
If it gave multi-nationals hq’d in Japan, or operating in Japan a competitive advantage of some sort, I wonder if it would drive similar efforts internationally?