Data Retention Policy

A Data Retention Policy document outlines how a company manages and stores data, specifying:

1. Types of data collected

2. Storage duration for each data type

3. Reasons for retention

4. Secure disposal methods

5. Access and security measures

6. Compliance with relevant laws and regulations

This policy helps organizations:

– Manage data efficiently

– Ensure legal compliance

– Protect sensitive information

– Reduce storage costs

– Mitigate risks associated with data breaches

It’s crucial for businesses to regularly review and update their data retention policies to align with changing regulations and best practices in data management.