For Infrastructure & Operations Professionals (Length: 3 pages)

October 24, 2008

Q&A: Compliance Storage Demystified

by Jo Maitland

with Simon Yates, Onica King, Ben Echols


Executive Summary (This is a document excerpt)

Relying on the Securities and Exchange Commission (SEC) for guidance on regulations turns out to be a pretty bad idea, as we are finding out in more ways than one these days. When it comes to figuring out what constitutes compliance-based storage, the legislation is long in the tooth but the principles are clear. There are thousands of words written about the details, but from a technology point of view, compliance comes down to "expert opinion." There are several consultancy firms that are recommended by the storage vendors to demonstrate that a technology guarantees data immutability and auditing. But there is still a lot of confusion and very few tangible rules to follow. Buried in the myths and legends of what is and is not compliant storage are some generally accepted wisdoms.

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QUESTIONS

item1. Do vendors accept indemnification for product failures that result in non-compliance?

item2. Do companies keep copies of records on paper, optical storage, or WORM storage?

item3. How has the SEC reacted to WORM technologies? Are trends showing SEC acceptance?

item4. Is data considered "original" if it was de-duplicated, compressed, or transformed?

item5. Who are the traditional and emerging players in compliance storage?

Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.

Technology: Data Protection, Governance, Risk, & Compliance, Regulations & Legislation, Security & Risk, Storage & Data Management
Industry: Financial Services, Financial Services Regulations, Investments
Geography: North America

Archived Teleconference:
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Original air date: Monday, August 18, 2008
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