Erasure and archiving policies determine when and how personal and business-related data must be erased or archived in accordance with legal requirements. They ensure the secure and GDPR-compliant management of data assets.
They are required wherever a company processes personal data. Especially in the case of retention obligations and if there is a legal obligation to erase data in order to fulfil legal requirements and avoid liability risks.
They help to fulfil the requirements of the GDPR by ensuring that data is only stored for as long as necessary. Once the time limits have expired, the data is either deleted or properly archived.
Without clear erasure and archiving policies, an organisation runs the risk of violating data protection regulations, which can result in hefty fines, legal ramifications and loss of customer confidence.
Successful implementation requires comprehensive data analysis, legal assessment, implementation of clear deletion and archiving processes, and regular review of policies for currency and efficiency.