The Data Retention Time Bomb: Defuse It With Automated Enforcement with Privacy License
Dec 30, 2024·By Nabanita De
Are you drowning in data? Accumulating vast amounts of information presents a significant risk. Outdated, irrelevant or excessive data retention is a ticking time bomb that exposes companies to data breaches, regulatory fines and reputational damage.
Many companies rely on outdated, manual data retention practices. This often leads to inconsistent enforcement & inaccurate records, leaving your organization vulnerable.
Sound familiar? Companies are filled with frustrations from individuals just like you, struggling with:
- Time and resource intensive: Manually creating and maintaining data retention schedules, a process that involves numerous meetings with stakeholders, takes months or even years and often relies on inefficient tools like Excel spreadsheets and manual surveys.
- Prone to errors: Manual processes are susceptible to human error, leading to inaccurate retention schedules and potential compliance violations.
- Difficulty integrating with existing systems: Siloed data and a lack of integration with diverse data sources make it challenging to enforce retention policies across the organization.
- Lack of automation and real-time updates: Manually enforced schedules struggle to keep up with evolving data landscapes and changing regulatory requirements, increasing the risk of non-compliance.
What if you could defuse this time bomb? What if you could transform your data retention practices from a liability into an asset?
Automated data retention enforcement is the answer. Privacy License offers the solution you need.
Here's how Privacy License helps your company:
- Automated Data Discovery and Mapping: Gain a comprehensive view of your data landscape. Privacy License automatically scans data repositories, identifies sensitive information, and maps data flows.
- Automated Retention Schedule Enforcement: Ensure data is retained only for as long as necessary. Privacy License automatically enforces data retention schedules based on pre-defined rules, regulatory requirements, and your specific needs.
- Automated Data Deletion: Reduce your attack surface and minimize the risk of unauthorized access. Privacy License triggers secure and automated data deletion once data reaches its retention limit.
- Centralized Dashboard and Reporting: Stay on top of your data retention status, track compliance, and generate audit-ready reports. Privacy License provides a centralized dashboard for easy monitoring.
- Integration with Existing Systems: Manage data retention across your entire organization. Privacy License seamlessly integrates with various data sources, including cloud platforms, databases, and applications.
Privacy License empowers your company to:
- Minimize data retention risks: Reduce the likelihood of data breaches and regulatory fines by ensuring compliance with data retention requirements.
- Optimize storage costs: Eliminate unnecessary data storage and reduce costs associated with managing vast amounts of outdated information.
- Streamline privacy operations: Automate time-consuming manual tasks, freeing up resources to focus on strategic privacy initiatives.
- Strengthen data governance: Enhance data governance practices by establishing clear data retention policies and procedures and ensuring consistent enforcement.