Managing the information lifecycle is vital to the functional health of any organization. From creation to use to disposition, every step of the information lifecycle requires planning and processes to ensure order and prevent chaos. The primary tool in digital and physical information life-cycle management is a records retention schedule. At the most fundamental level a retention schedule dictates how long to keep documents according to the state, federal and industrial regulations that apply to your organization.
Increasing privacy concerns and stringent laws like the European Union (EU) General Data Protection Regulation (GDPR) elevate the need for privacy and retention to be managed together. Doing so provides you with a unified view of your organization’s personal data and related obligations so you can dispose of personally identifiable information (PII) as soon as possible and reduce unnecessary exposure to data breaches.
The Advantage of Managing Privacy and Retention Together
Increasing privacy concerns and regulations like the GDPR are making it critical for privacy and retention to be managed together so you can:
✔ Have a unified view of your personal data and related obligations
✔ Dispose of private information as soon as possible
✔ Reduce unnecessary exposure to data breaches
Through Iron Mountain® Policy Center solution Standard Edition, you can purchase a pre-built, best-in-class retention schedule specific to one of the following industries:
- Banking (Retail)
- Insurance (Property & Casualty; Life & Annuity)
As the regulatory environment is changing in the US, and around the world, Policy Center can help you by providing up to date laws specific to your industry so you can keep your retention schedule current. We are adding pre-built industry standard retention schedules on an ongoing basis. Please check back on this page for the latest industry retention schedules available in Policy Center Standard Edition.
With Policy Center Professional and Enterprise Editions, you can receive continuously updated regulations for multiple industries including any combination of the above or other industries outside the above list. Through Policy Center Enterprise Edition you’ll receive both retention and privacy legal citations.