--- title: "Cybersecurity Awareness: Challenges and Future of Data Governance" description: Exploring the challenges and future trends in data governance, from cost management to evolving regulations, and the role of AI in transforming data utilization and security. image: https://blog.stpis.com/hubfs/Cybersecurity%20Awareness%20-%20Challenges%20and%20Future%20of%20Data%20Governance.jpg --- [![STP\_header\_logo](https://blog.stpis.com/hs-fs/hubfs/STP%20Growth%20Child/STP_header_logo.png?width=75&height=94&name=STP_header_logo.png "STP_header_logo")](http://stpis.com) - [FAQs](https://stpis.com/faqs-fund-administration-compliance-managed-services/) - [About](https://stpis.com/about/) - [About STP](https://stpis.com/about/) - [History](https://stpis.com/history/) - [Team](https://stpis.com/people/) - [STP Careers](https://stpis.com/careers/) - [STP Culture](https://stpis.com/careers/culture/) - [Benefits](https://stpis.com/careers/benefits/) - [Diversite, Equity, Inclusion & Belonging (DEIB)](https://stpis.com/careers/deib/) - [Hiring Process](https://stpis.com/careers/hiring-process/) [Portal Login](https://portal.stpis.com/) [Connect With Us](https://stpis.com/connect-with-us/) - [Who We Serve](https://stpis.com/who-we-serve/) - [Institutional Managers Investment operations services and innovative software for the front, middle, and back office.](https://stpis.com/who-we-serve/institutional-managers/) - [Wealth Managers Custom and turnkey asset management programs to grow assets and support clients.](https://stpis.com/who-we-serve/wealth-managers/) - [Emerging Managers Best-in-class full service solution to springboard your startup to the next level.](https://stpis.com/who-we-serve/emerging-managers/) - [Private Fund Advisors Comprehensive suite of fund administration, compliance, account and investor reporting services](https://stpis.com/who-we-serve/private-fund-advisors/) - [What We Do](https://stpis.com/services/) - [Investment Operations Outsourcing End-to-end investment operations and trading services.](https://stpis.com/services/investment-operations-outsourcing/) - [Fund Services Complete suite of services that deliver best-in-class fund administration.](https://stpis.com/services/fund-administration-services/) - [Compliance Services Get oversight that keeps you compliant and ready for changing regulatory requirements.](https://stpis.com/services/compliance/) - [Managed Services Designed to reduce operational burden, streamline workflows, and help you scale without adding headcount.](https://stpis.com/services/managed-services/) - [Trade Settlements Streamline processes, increase efficiency, and mitigate risk with post-trade settlement services.](https://stpis.com/services/trade-settlements/) - [Reconciliation Services Automate reconciliation tasks and strengthen oversight with reconciliation dashboards.](https://stpis.com/services/reconciliation/) - [BluePrint](https://stpis.com/blueprint/) - [Why STP](https://stpis.com/why-stp/) - [STP Knowledge Hub](https://stpis.com/stp-knowledge-hub/) - [Perspectives Fresh, original STP content written by members of our team, covering a broad range of topics.](https://blog.stpis.com/blog) - [STP in the News Our take on industry articles and topics written by our colleagues across the financial services space.](https://stpis.com/stp-knowledge-hub/in-the-news/) - [Case Studies Explore real-world success stories that highlight how we've helped clients overcome challenges, drive growth, and achieve their goals.](https://stpis.com/stp-knowledge-hub/case-studies/) - [Strategic Insights Stay ahead of regulatory changes, operational challenges, and industry shifts. Download our strategic insights to equip your firm with expert guidance on compliance, operations, and growth strategies.](https://stpis.com/stp-knowledge-hub/strategic-insights/) Oct 2024 # Cybersecurity Awareness: Challenges and Future of Data Governance ![Picture of STP Perspectives](https://blog.stpis.com/hs-fs/hubfs/STP_Logo_Color_Tag-2.png?width=50&name=STP_Logo_Color_Tag-2.png) [STP Perspectives](https://blog.stpis.com/blog/author/stp-perspectives) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance) [envelope icon](mailto:?body=https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance) Cybersecurity Awareness: Challenges and Future of Data Governance 4:17   STP’s Jim Lewis, Head of Technology, was featured as a guest spotlight in [Nasdaq’s TradeTalks](https://www.nasdaq.com/tradetalks) Newsletter answering questions about challenges for companies around data governance and where he thinks data governance will evolve in the next decade. # What are some of the biggest challenges companies face when it comes to data governance? One of the biggest challenges companies face today is balancing the breadth and depth of secure data. On one hand, organizations want to generate and share as much data as possible with their clients; However, this ambition comes with significant risks. - Cost Management: Managing and storing large volumes of data can be financially burdensome, especially given the variable pricing models of many cloud service providers. These costs can adversely affect a company’s bottom line. - **Performance Issues:** A vast amount of data stored on a suboptimal management platform can lead to slow data retrieval, negatively impacting user experience. - **Security Risks:** More data often means more confidential and sensitive information. If a company’s infrastructure is compromised or if data is accidentally shared with unauthorized users, the risks increase significantly. - **Enhanced Due Diligence:** Enhanced due diligence on data sources will be even more important as we move forward. Companies will have to know dig into to understand the genesis of external data to make sure their data is accurate and appropriately sourced, how we do this will evolve, especially as more firm use AI to create or enhance data sets. The knee jerk reaction is to use AI to validate the incoming data, which causes a recursive paradox. # Ultimately, the challenge lies in making informed decisions about how much data to manage, what to prioritize, how long to retain data, when and how to expose it, and ensuring that the data is accurate and secure. Finding the right answers to these questions is often more complex than it seems. # How do you think data governance will evolve in the next decade? # I believe we will see significant changes in data governance over the next ten years: - Data Utilization from Source Systems: Legacy systems have struggled to expose their data via APIs, but with the rapid advancement of artificial intelligence, particularly generative AI, it will become easier to transform and utilize data directly from source systems. This shift will reduce the number of places data is stored, thereby minimizing exposure. However, it will also necessitate enhanced security for traditionally “back-of-house” systems. - **Evolving Regulations:** As data breaches become more frequent, regulations will need to adapt quickly. Tools that enhance data utilization can also be exploited by bad actors, making it crucial for regulatory agencies to balance the need for safety with the promotion of innovation. This may be an opportune moment for a global set of regulations within specific industries to streamline efforts and reduce redundancy. - **Consumer Rights:** There will likely be a continued push for greater consumer rights regarding data management. The concept of the “right to forget” may become more complex as data, metadata, and the relationships between them blur, leading to ongoing challenges in defining the boundaries of customer data. - **Necessity of Data Dictionaries:** With expanding data sets and access, comprehensive “data dictionaries” will become essential. This could take the form of extensive documentation or innovative visualizations of data lineage and architecture, likely leveraging the same AI technologies. - **Emergence of New Roles:** We can expect the creation of various new data governance roles beyond just IT. New types of business analysts, data scientists, and product owners will emerge as companies increasingly treat data as a product. This trend will shift how organizations market themselves, with a focus on their data offerings followed by additional services. - **Increased Costs and Opportunities:** While data governance will likely become more expensive, savvy companies will find ways to monetize their data in innovative ways, offsetting these costs and enhancing their competitive edge.   [![fund admin cta](https://no-cache.hubspot.com/cta/default/20095280/interactive-172834896387.png)](https://blog.stpis.com/hs/cta/wi/redirect?encryptedPayload=AVxigLKX%2BI0Dx39OkLdMzMdxIeIiH%2BDhbINS4o4GRmw0z4YnqVA%2FZhRtLsjgn7ZocKVSmNJRhimYFwqXLx6WIK%2FaKxJsZCipg%2B9%2BOxlS5MKOMjwyQrHpSl%2BXtHfvCqPc%2FXVRweWfrXbRiz9HpOGGTlxB5A14WuizKqyT0BdnsWMxhlBZ%2FNm%2BRNfcQebangQGQMWINGjrcaeZJjx16kRppGL7dVfPLkPHXWA10hN%2FkANUC%2FJWlBKn6jNf2ki6J3IAFIMrqzkeWyeL1ZrM2NXl7CwSvAiOHNMje8e8RPLoiLz62A%3D%3D&webInteractiveContentId=172834896387&portalId=20095280) ## Related posts [![](https://blog.stpis.com/hs-fs/hubfs/imgi_17_shutterstock_1754977265.jpg?height=200&name=imgi_17_shutterstock_1754977265.jpg)](https://blog.stpis.com/blog/how-apis-are-transforming-fund-admin-client-relationships) [Fund Admin](https://blog.stpis.com/blog/tag/fund-admin) ## [How APIs Are Transforming Fund Admin–Client Relationships](https://blog.stpis.com/blog/how-apis-are-transforming-fund-admin-client-relationships) ![Picture of Steve Arnold](https://blog.stpis.com/hs-fs/hubfs/Steve%20Arnold%20retouched.jpg?width=50&name=Steve%20Arnold%20retouched.jpg) [Steve Arnold](https://blog.stpis.com/blog/author/steve-arnold) Jul 2025 In the evolving landscape of fund administration, Application Programming Interfaces (APIs) are... [Read more](https://blog.stpis.com/blog/how-apis-are-transforming-fund-admin-client-relationships) [![](https://blog.stpis.com/hs-fs/hubfs/imgi_3_shutterstock_397574752-1024x650.png?height=200&name=imgi_3_shutterstock_397574752-1024x650.png)](https://blog.stpis.com/blog/caution-ahead-the-ai-race-between-innovation-and-regulation) [Compliance](https://blog.stpis.com/blog/tag/compliance) ## [Caution Ahead – the AI race between innovation and regulation](https://blog.stpis.com/blog/caution-ahead-the-ai-race-between-innovation-and-regulation) ![Picture of Lori Weston](https://blog.stpis.com/hs-fs/hubfs/Lori%20Weston-1.png?width=50&name=Lori%20Weston-1.png) [Lori Weston](https://blog.stpis.com/blog/author/lori-weston) Sep 2025 Artificial Intelligence (AI) is no longer a distant frontier—it is reshaping financial services... [Read more](https://blog.stpis.com/blog/caution-ahead-the-ai-race-between-innovation-and-regulation) [![](https://blog.stpis.com/hs-fs/hubfs/shutterstock_2583795789.jpg?height=200&name=shutterstock_2583795789.jpg)](https://blog.stpis.com/blog/the-family-office-technology-problem-isnt-really-a-technology-problem) [Wealth](https://blog.stpis.com/blog/tag/wealth), [Family Office](https://blog.stpis.com/blog/tag/family-office) ## [The Family Office Technology Problem Isn’t Really a Technology Problem](https://blog.stpis.com/blog/the-family-office-technology-problem-isnt-really-a-technology-problem) ![Picture of Jason Bolc](https://blog.stpis.com/hs-fs/hubfs/Jason%20Bolc%20-%20retouched%20(1).jpg?width=50&name=Jason%20Bolc%20-%20retouched%20(1).jpg) [Jason Bolc](https://blog.stpis.com/blog/author/jason-bolc) Sep 2026 Family offices have no shortage of technology choices. Aggregation platforms can pull together... [Read more](https://blog.stpis.com/blog/the-family-office-technology-problem-isnt-really-a-technology-problem) ## Sign up for our newsletter to get the latest industry insights. #### [Who We Serve](https://stpis.com/who-we-serve/) - [Institutional Managers](https://stpis.com/who-we-serve/institutional-managers/) - [Wealth Managers](https://stpis.com/who-we-serve/wealth-managers/) - [Emerging Managers](https://stpis.com/who-we-serve/emerging-managers/) - [Private Fund Advisors](https://stpis.com/who-we-serve/private-fund-advisors/) #### [What We Do](https://stpis.com/services/) - [Investment Operations Outsourcing](https://stpis.com/services/investment-operations-outsourcing/) - [Fund Services](https://stpis.com/services/fund-administration-services/) - [Trade Settlements](https://stpis.com/services/trade-settlements/) - [Reconciliation Services](https://stpis.com/services/reconciliation/) - [Portfolio Accounting](https://stpis.com/services/portfolio-accounting/) - [Compliance Services](https://stpis.com/services/compliance/) #### [Blueprint](https://stpis.com/blueprint-investment-operations-platform/) #### [Why STP](https://stpis.com/why-stp/) #### [STP Knowledge Hub](https://stpis.com/stp-knowledge-hub/) - [Perspectives](https://blog.stpis.com/blog) - [STP In The News](https://stpis.com/stp-knowledge-hub/in-the-news/) #### [Company](https://stpis.com/why-stp/stp-an-award-winning-company/) - [About STP Investment Services](https://stpis.com/about/) - [STP Careers](https://stpis.com/careers/) - [Connect With Us](https://stpis.com/connect-with-us/) - [Portal Login](https://portal.stpis.com/Login) - [Terms of Use](https://stpis.com/terms-of-use/) - [Privacy Policy](https://stpis.com/privacy-policy/) - [Security Policy](https://stpis.com/security-policy/) STP Investment Services is a technology‑enabled investment operations and compliance partner for registered investment advisers, alternative asset managers, and institutional firms. We provide middle‑ , back‑office, and compliance services — including fund administration, investment operations, trade support, and regulatory consulting — all supported by our proprietary BluePrint platform. Founded in 2008, STP serves investment advisors overseeing hundreds of billions in assets, with a global team across the U.S. and India. As practitioner‑led operators embedded in the day‑to‑day work of our clients, we bring a best‑practice perspective informed by our unique position in the market — combining real‑world execution, institutional scale, and hands‑on expertise. [CONTACT US](https://stpis.com/connect-with-us/) - [![LinkedIn](https://blog.stpis.com/hubfs/STP%20Growth%20Child/LinkedIn.svg)](https://www.linkedin.com/company/stp-investment-services-inc-/) - [![x](https://blog.stpis.com/hubfs/STP%20Growth%20Child/x.svg)](https://x.com/STPIS) - [![youtube](https://blog.stpis.com/hubfs/STP%20Growth%20Child/youtube.svg)](https://www.youtube.com/channel/UCTtJjd7mbjm63LbAR6a2GEw) #### United States 44 W. Gay Street Suite 300 West Chester, PA 19380 [1-610-363-5684](tel:1-610-363-5684) #### India Ground Floor, “Mobius” Tower 1 SJR I Tech Park, Road No. 9 EPIP Zone, Whitefield Bangalore 560066, India [91-80-49400 300](tel:91-80-49400%20300) [![STP Footer Logo](https://blog.stpis.com/hs-fs/hubfs/STP%20Growth%20Child/STP%20Footer%20Logo.png?width=108&height=132&name=STP%20Footer%20Logo.png "STP Footer Logo")](http://stpis.com) --- Copyright © 2026 STP Investment Services ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "STP Perspectives", "url" : "https://blog.stpis.com/blog/author/stp-perspectives" }, "dateModified" : "2025-12-05T18:58:14.305Z", "datePublished" : "2024-10-22T14:45:00.000Z", "headline" : "Cybersecurity Awareness: Challenges and Future of Data Governance", "image" : [ "https://blog.stpis.com/hubfs/Cybersecurity%20Awareness%20-%20Challenges%20and%20Future%20of%20Data%20Governance.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.stpis.com/blog/cybersecurity-awareness-challenges-and-future-of-data-governance", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.stpis.com/hubfs/STP_Logo_Color_Tag.png" }, "name" : "STP Investment Services" } } ```