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As corporations make cost effective decisions to move to a ‘paperless environment’, the industry has become overwhelmed with confidential and corporate electronic data; from credit card numbers to payroll records to human resources information to corporate strategies.
As a result, the US Federal Government has created legislation to reset the standard in protecting both consumers and corporations: Freedom of Information Act (FOIA), Sarbanes-Oxley Act (SOX), and Health Insurance Portability and Accountability Act (HIPPA).
These regulations establish your company’s legal responsibility to manage all corporate electronic records as well as ensure that records that are not retained are properly destroyed. Failure to manage and destroy electronic records properly, could expose your company to massive risk, enormous liability, and a tarnished public image. |
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