Internal data-retention schedules must be cross-checked against all applicable laws and industry regulations. Statutes such as HIPAA require covered documentation to be kept for six years, Sarbanes-Oxley requires certain audit records to be retained for seven years, and GDPR mandates that personal data not be stored longer than necessary. Failing to align internal policy with these external requirements can lead to fines, litigation, or regulatory action. Therefore, the only accurate statement is that internal policies must align with applicable legal and regulatory requirements.
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ISC2 CISSP
Asset Security
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