What is a Data Retention Policy?

A Data Retention Policy is a set of guidelines that define the period of time for which data should be stored. This includes both personal data and non-personal data. The policy outlines what data should be collected and stored, how it should be stored, and how long it should be stored. Data Retention Policies are important for businesses to ensure they are following the regulations and laws of data security. In the state of Mississippi, the Data Security Law outlines the specific regulations and requirements that businesses must adhere to when collecting and storing personal data. This includes the requirement of having a Data Retention Policy in place. The law requires that businesses delete and destroy any data that is no longer needed. This helps to protect the privacy of individuals and keep data secure. Knowing exactly what data should be stored and for how long is critical in protecting businesses from potential legal liability. Data Retention Policies are necessary for businesses in Mississippi to make sure they are following the state’s Data Security Law and to ensure they are not in violation.

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