6 (Major) Benefits of Slack Enterprise Grid

One of the reasons Slack saw such widespread adoption, especially early on, was the fact that companies could use it for free. Like many SaaS tools, Slack operated on a “freemium” model, meaning organizations could use it for free, and then upgrade as their needs grew. 

Social media is a powerful tool for advertising in any industry. If used correctly, in conjunction with social media archiving, it can be very beneficial to businesses within the financial sector.

We recently published an article on what is needed for a financial firm’s website archiving to meet SEC and FINRA requirements. This article follows on from that one by looking at the specific storage requirements, which is very technical and can lead to uncertainty with regards to compliance.    

Both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) lay out strict communication and recordkeeping regulations for investment firms and other financial institutions. These rules encompass almost everything, from the recording of investment activities, to how client data should be kept safe, and even the acceptable use of social media.

A well structured, informative website is an essential element of modern business. However, many organizations don't fully appreciate the legal responsibilities that accompany public communication through an official company website. 

Is there a difference between data retention and data preservation? The terms retention and preservation are often treated as synonyms in day-to-day language but they aren’t the same thing. 

There’s no doubt that a tool like Slack can improve communication and collaboration within a company—but it also introduces certain legal and compliance risks. Just ask luggage company Away.

Web archiving is simply the act of collecting and preserving websites in an archive. It's the best way to capture website content in an immutable and time-stamped form that facilitates compliance, litigation, and overall information governance.  

Traditionally, proving the authenticity of a piece of digital evidence could be tricky, especially if opposing counsel was determined to keep it out of evidence. Legal teams would have no other option than to spend significant time and resources on providing a sponsoring witness who could testify to the authenticity. 

We’ve mentioned before how important information governance is. However, with the sudden shift to remote work caused by COVID-19, having thorough systems and processes in place to manage information has proven more important than ever.