5 Tips for Meeting the eDiscovery Challenge
Today, an article by Sonian's own Greg Arnette was published on TechRepublic.com. Below is the introduction and the 5 bullet points. Check out TechRepublic to read the full article!
TechRepublic -- September 30, 2010 - The time to develop your data archiving strategy is not the day you get hit with an eDiscovery request. Here are a few pointers to help you implement a system that will keep you in compliance.
eDiscovery, email discovery, electronic discovery — however you refer to it, eDiscovery is a necessary burden for IT managers, corporate legal teams, and executives alike. Federal, state, and corporate regulations require most companies to retain electronically stored information for two to seven years and to be able to produce it quickly upon request. Noncompliance can be costly; FINRA (Financial Industry Regulatory Authority) alone handed out $50 million in fines in 2009. Thankfully, companies that follow simple best practices can drastically reduce the burden of eDiscovery while protecting their finances — and reputations.
1: Know your regulations
2: Create an internal policy
3: Ensure that you can search your archive
4: Don’t forget about instant messages and social media
5: Hope for the best, but assume the worst
Again, you check out the full article to read more about each tip!
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