This column is excerpted from the white paper Data Warehouse Solutions for Achieving Compliance and Managing Operational Risk, written by William McKnight. For a copy of the full paper, please visit

Risky derivatives investments by major banks gone bad - as in billions of dollars bad - and unencrypted data tapes from two major U.S. financial institutions gone missing while being transferred to backup centers are incidents that indicate appropriate safeguards are not in place in our enterprises.

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