P2P

Winter24

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1530716

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58 P E E R T O P E E R : I L T A ' S Q U A R T E R L Y M A G A Z I N E | W I N T E R 2 0 2 4 B Y F A H A D D I W A N & A N A M I K A K U M A R THE LEGAL IMPACT OF DATA DISPOSAL Minimizing Risks Through Data Disposition D ata is the backbone of modern businesses, underpinning transactions, decisions, and interactions. While organizations invest significantly in data collection, processing, and storage, the final stage of its lifecycle—disposal—is often overlooked. Yet, improperly handling obsolete data can result in legal disputes, regulatory penalties, reputational damage, and erosion of customer trust. Even if your organization employs robust cybersecurity technologies, adheres to privacy and security policies, and enforces other compliance processes and procedures, failing to dispose of unnecessary or outdated data securely could undermine all these efforts and expose your organization to significant risks. The consequences of such oversights are far-reaching and present in numerous high-profile incidents outlined below. This article discusses the reasons that necessitate the secure disposition of unnecessary data, including regulatory requirements and the risks of non- compliance, as well as the practical strategies for effectively implementing data disposition within an organization.

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