News & Analysis as of

Data Retention Recordkeeping Requirements

Society of Corporate Compliance and Ethics...

Rethinking Records Retention

Mark Diamond wants you to stop thinking of records retention as a chore and start thinking of it as a driver of compliance. In this podcast the President & CEO of Contoural shares that retention schedules have grown in...more

Womble Bond Dickinson

Do Fireflies need to be preserved?

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AI notetakers, like Fireflies, record meetings and business conversations. While they may improve business efficiency, they also present new and unique challenges for compliance and records retention officials. With the...more

Pagefreezer

The Major Microsoft Teams Challenge Stumping Legal & Compliance Teams

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Since 2019, the number of users on Microsoft Teams has risen 1500%, from a modest 20 million users in the pre-pandemic year (2019) to over 320 million users in 2024. Microsoft's collaboration platform is now the default...more

Pillsbury Winthrop Shaw Pittman LLP

2024 Fourth Quarter Issues/Programs List Advisory for Broadcast Stations

Broadcasters’ next Quarterly Issues/Programs List (“Quarterly List”) must be placed in stations’ Public Inspection Files by January 10, 2025, reflecting information for the months of October, November, and December 2024....more

BakerHostetler

Deeper Dive: Preserving Ephemeral Messaging - Capture Data Before Its Ghosts Haunt Your Compliance

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Organizations whose mantra is “We just never delete anything” (i.e., organizations simply retaining all information indefinitely) are now facing headwinds, especially when the information contains personal information. As our...more

Seward & Kissel LLP

Continued SEC Enforcement Actions Relating to Off Channel Communications

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Who may be interested: Registered Investment Advisers, Registered Investment Companies, Compliance Staff - Quick Take: The SEC recently announced a number of additional enforcement actions relating to recordkeeping...more

Butler Snow LLP

The Necessity of Implementing an Information Governance Program

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The company has created a new product. It has passed all clinical trials. All regulatory hurdles have been cleared. It is perfect. It is going to change the world. It goes to the market… And now someone is suing....more

Seward & Kissel LLP

SEC Enforcement Action Rundown

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Who may be interested: Registered Investment Advisers, Registered Investment Companies, Compliance Staff - Quick Take: The SEC recently announced a number of enforcement actions relating to recordkeeping failures,...more

Ankura

Accelerate Your Records Management, Artificial Intelligence, and Microsoft Purview Initiatives With Unstructured Data Cleanup

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Unstructured Data Is Everywhere in Your Organization — And Just Waiting To Cause Trouble - Unstructured Data Cleanup is an information governance practice focused on the permanent deletion of information that is no longer...more

Proskauer - The Capital Commitment

Mid-Year Enforcement Update: SEC’s Continued Focus on Private Funds in 2024

As we reach the midpoint of 2024, the SEC has maintained its rigorous enforcement stance on the private funds industry, proposing new rules and oversight tools to better identify and investigate market practices. As 2024...more

Jenner & Block

Client Alert: CISA Announces Proposed Cyber Incident Reporting Rule

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On March 27, 2024, the Cybersecurity and Infrastructure Security Agency (CISA), an operational component of the Department of Homeland Security (DHS), posted for public inspection its long-anticipated notice of proposed...more

Husch Blackwell LLP

FTC Amends Telemarketing Sales Rule to Increase Recordkeeping Requirements and Cover Business to Business Telemarketing Calls

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On March 7, 2024, the Federal Trade Commission (FTC) announced substantial revisions to the Telemarketing Sales Rule (TSR). In particular, the FTC will require that sellers and telemarketers maintain additional records of...more

King & Spalding

Recent Enforcement Trends Regarding the Use of Off-Channel Communications on Personal Devices

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What U.K. Firms Need to Know - INTRODUCTION - Over the past decade, the use of messaging applications, such as WhatsApp, for business purposes as an alternative to traditional email has grown exponentially. Ease of use...more

BakerHostetler

The SEC Provides 4 Million Reasons to Ensure Required Records Are Maintained

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Reconciling Recordkeeping Requirements Against the Prudence of Data Remediation - As we have covered in previous alerts, the SEC and other regulators have intensified their scrutiny of the retention of electronic...more

Marshall Dennehey

Looking to Downsize Office Space or Reduce Storage Costs? What You Should Know About Federal Document Retention Requirements for...

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Key Points: An employer must keep employee information confidential. Keep employee-related documents for the time periods that federal and state laws require. Safeguard the confidentiality of sensitive information within...more

Hanzo

Will Change in SEC Recordkeeping Requirement Make WORM format Obsolete?

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In a recent update to Rule 17a-4, the Securities Exchange Commission (SEC) stepped fully into the 21st century by dropping the requirement that electronic records be stored in a “write once, read many” or WORM format....more

Hanzo

3 Compliance Archiving Challenges with Modern Content Management Systems

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Proving regulatory compliance requires meticulous record keeping, including records of a company’s website and social media. Even if you follow each regulation carefully, without an immutable archive and corresponding audit...more

Hanzo

Financial Data Compliance and Enterprise Information Archiving

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When it comes to making sure financial data is safe and meets compliance regulations, understanding the different regulatory bodies and how they affect your organization is a vital first step. Two of the most common...more

BakerHostetler

Businesses Must Contemplate Employees' Use of Messaging Apps on Personal Devices

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An investment management company was recently hit with $200 million in fines for failing to track employees’ use of personal messaging apps, which resulted in the loss of communications that were subject to regulatory...more

Ankura

Developing a Functional Records Management Program for Compliance with CPRA

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Starting in January of 2023, businesses subject to California Privacy Rights Act (CPRA) will be required to publish the retention periods for all categories of personal and sensitive information they collect, manage, store,...more

Nelson Mullins Riley & Scarborough LLP

Retain, Maintain, or Preserve – Properly Identifying Obligations Can Streamline Records Management for Companies

Companies routinely face decisions on what information should be retained, what information should be maintained, and what information, if any, must be preserved. Many companies make these decisions without truly...more

Hanzo

The Pros and Cons of Using APIs for Web Archiving

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If you’re a regular reader of Hanzo, we’ve probably already convinced you that you need to be archiving any social media profiles that your organization maintains, along with your website. Chances are you’ve heard us talk...more

Hanzo

WARC and WORM Digital Storage: Web Archiving Essentials

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WARCs? WORMs? Is this a lost installment of the Lord of the Rings? Unfortunately, no. Rather, WARC and WORM are abbreviations that you should be familiar with if you’re maintaining digital archives for regulatory compliance,...more

Holland & Hart - Health Law Blog

Record Retention and Destruction for Wyoming Healthcare Entities

Medical Record Retention Guidelines for Wyoming Clients frequently ask us how long they should retain medical records and related business records. The answer depends on various factors, including the type of record,...more

Holland & Hart - Health Law Blog

Record Retention and Destruction for Utah Healthcare Entities

Medical Record Retention Guidelines for Utah Clients frequently ask us how long they should retain medical records and related business records. The answer depends on various factors, including the type of record, applicable...more

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