Data retention timeframes are pivotal to compliance since they dictate the specific duration for which data must be stored according to various legal and regulatory frameworks. Organizations are often required to retain certain records for a defined period to comply with laws and industry regulations. Retaining data for either too short or too long a period can lead to non-compliance and associated penalties. Having too broad or too narrow scopes in retention policies can be non-compliant or inefficient, respectively, but the actual retention period is the key factor that relates directly to legal and regulatory requirements.
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What are legal and regulatory frameworks, and why do they matter for data retention?
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What could happen if organizations retain data for too long or too short a duration?
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How can organizations determine the appropriate data retention period?