Data Retention Policy
Purpose
To define data retention periods and ensure compliance with legal and business requirements.
Retention Periods
Customer Data
- Active account data: Retained while account is active
- Deleted account data: Removed within 30 days of deletion request
- Backup retention: 90 days for disaster recovery
Business Records
- Financial records: 7 years
- Contracts: 7 years after expiration
- Employee records: 7 years after termination
Security Logs
- Access logs: 1 year
- Security event logs: 2 years
- Audit logs: 3 years
Data Deletion
- Automated deletion based on retention schedules
- Secure deletion methods to prevent recovery
- Certificate of destruction for sensitive data
Legal Holds
- Data subject to legal hold is preserved regardless of retention schedule
- Legal department manages hold notifications
- Regular review of active holds