According to sonaku.com, a compliance manager is a professional that keeps the legal and ethical integrity of a company intact through policy enforcement and program planning. He or she makes sure all departments of a business are complying with the rules and regulations the company upholds.
As we've referenced before, more than half of all organizations have experienced a data-related incident. Out of those who reported an actual breach, half attributed it to hacking and the other half to employee negligence. Unfortunately, according to the report, about a third of these negligent acts were willful. Let's explore a few areas that are particularly high risk and can be solved by a complete records and retention management program.
As we all know, data privacy and data breaches have become commonplace in the corporate and retail world. A recent article from JD Supra goes into detail on how these same issues are affecting law firms. Ironically, law firms are the ones providing guidance to their corporate clients while at the same time, not following the proper data privacy and compliance rules. Firms are responsible for their clients' data as well as their employees. There are a few key areas that every law firm can focus on to ensure a more comprehensive plan.