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Even if data retention may be justified, the retention periods proposed in some cases are excessive. It has been argued that a period of five days for web activity logs and ninety days for all other data would be adequate for police purposes. [citation needed] Data retention by search engines provides an unfair advantage to dominant search engines.
SEC Rule 17a-4 is a regulation issued by the U.S. Securities and Exchange Commission pursuant to its regulatory authority under the US Securities Exchange Act of 1934 (Known simply as the "Exchange Act") which outlines requirements for data retention, indexing, and accessibility for companies which deal in the trade or brokering of financial securities such as stocks, bonds, and futures.
Data format Data must be stored in a format which can be meaningfully accessed now and in the future. Technology reliance If data requires a special program to view it, say, as an image, then software must also be available to both interpret the basic data file and also render it appropriately. In some cases, this might also require special ...
Data holdings are generally the storage methods used in the past when data has been lost due to environmental and other historical disasters. [4] Furthermore, data retention differs from data preservation in the sense that by definition, to retain an object (data) is to hold or keep possession or use of the object. [7]
Data retention laws and regulations ask data owners and other service providers to retain extensive records of user activity beyond the time necessary for normal business operations. These requirements have been called into question by privacy rights advocates. [35] Compliance in this area is becoming very difficult.
The Data Retention Directive (Directive 2006/24/EC), later declared invalid by the European Court of Justice, was at first passed on 15 March 2006 and regulated data retention, where data has been generated or processed in connection with the provision of publicly available electronic communications services or of public communications networks.
identification and maintenance of records per a specified retention period; executing a retention policy on the disposal of records which are no longer required for operational reasons; according to organizational policies, statutory requirements, and other regulations this may involve either their destruction or permanent preservation in an ...
The concept of privacy by design also does not focus on the role of the actual data holder but on that of the system designer. This role is not known in privacy law, so the concept of privacy by design is not based on law. This, in turn, undermines the trust by data subjects, data holders and policy-makers. [7]