Plan To Manage Electronic Data Now

Management Guidelines

The management of electronic data used to be a “nice thing to do.” Nowadays, the proper archiving, retention and monitoring, filtering and encryption of electronic data isn’t an option but imperative for financial institutions in order to meet compliance with regulations and federal law, including the Federal Rules of Civil Procedure (FCRP).

According to Cynthia Jackson, a lawyer at Baker-McKenzie LLP, the need for a plan to manage electronic data means understanding the broad compliance issues, government mandates and e-discovery requirements a financial institution faces. Jackson is a recognized expert in global personnel-related initiatives.