In this era of Internet connectivity, businesses must prepare for what is becoming the almost-inevitable data breach, according to a pair of chief privacy officers for major financial institutions.

At the IntrusionWorld Conference and Expo co-located with the Web Services Security & SOA Conference May 13, Joel Tietz, chief privacy officer at AXA Financial, and Michael Drobac, chief privacy officer at Merrill Lynch, discussed the increasing risk and costs of data breaches and <A HREF="http://www.eweek.com/c/a/Security/Preparation-Key-to-Managing-Data-Breaches/?kc=EWKNLNAV051508STR2">how enterprises can better prevent and manage them.</A>