Retain and Control Your Data To Stay Compliant
Most organizations face data retention compliance regulations of one form or another and will vary depending on whether it is public or privately held, which countries it conducts business in and which industry it serves.
In the US alone, public companies are heavily regulated by the SEC regulations and the Sarbanes-Oxley Act where all audit and review information must be retained in a readily accessible and tamper-proof format for 7 years and beyond. In fact in many sectors keeping data for longer than is legally required can also pose a risk and failure to comply can lead to serious fines and years of imprisonment.
It has been estimated that there are over 150 federal and state laws which elaborate extensively on the subject of data retention in the US. Today, the retention period is basically determined by the government itself.
In the healthcare industry, HIPPA laws govern data retention requirements which ultimately protect the privacy of the individual patient and in the communications sector, laws such as the European Community (EU) Data Retention Act of 1997 requires traffic and billing data to be erased or made anonymous at the end of the period during which the bill may lawfully be challenged or payment may be pursued. This same law additionally supports the need for country government bodies the ability to lawfully intercept communications records to combat and prevent fraud and terrorist activities.
RainStor is an ideal data retention solution for organizations that must retain detailed, immutable records for specific time periods. Aside from the ability to significantly reduce the data footprint and therefore cost, RainStor uniquely provides the ability to custom-configure based on unique expiry rules down to the record level, including features such as tagging and legal hold. With RainStor you have greater control over your retained data and can be fully compliant, avoid costly penalties and stay in business.
Key benefits include:
- Configurable data retention rules for auto-delete and legal hold enable lawful intercept use-cases.
- Retained data always online and available for query and audit.
- Maintain a full audit trail and history which is also query-able and retained records remain immutable and tamper-proof.