Better save than sorry

Given the prominent role of technology in business today, it’s no surprise that electronic data often factors into lawsuits and compliance issues. E-mail seems to play a key role, as demonstrated by several recent events.

Given the prominent role of technology in business today, it’s no surprise that electronic data often factors into lawsuits and compliance issues. E-mail seems to play a key role, as demonstrated by several recent events:

•  In December, the Securities and Exchange Commission fined five Wall Street titans a total of $8.25 million for failing to save all employee e-mail for three years.

•  In June, the Massachusetts Secretary of State fined SG Cowen Securities $100,000 when the New York company’s Boston office was unable to produce e-mail that investigators requested.

•  Incriminating e-mails – and employees’ efforts to delete them – contributed to the Enron and WorldCom scandals.

Back to main feature: “CSI: Lost e-mails”