The case of Morgan Stanley: The need for Enterprise Data Retention Programmes
So, what’s the solution?
So, what now?
Perhaps the most worrying aspect of Morgan Stanley’s recent case was not the fact that it happened in the first place, but rather the fact that it happened twice – once in 2016, and again in 2019. With the right technologies and tools in place, businesses can overcome the obstacles faced, and ensure they do not find themselves under investigation at all, let alone twice in three years.
Richard Santalesa, a technology and data privacy attorney at SmartEdgeLaw Group, commented on the Morgan Stanley fine as follows: “I’m sure this latest action has made the desks of every CISO and chief privacy officer in the financial ecosphere. I know that if I were sitting in that C-seat, I’d immediately add a ‘data destruction / deletion review’ agenda item to my next department meeting.”
Today’s technologies are designed to solve these issues. To see how how Trunomi helps CISOs, Data Governance and Privacy teams with their Data Retention, get in touch or book a demo at [email protected].