ZL Tech

A typical person sends and receives over 120 emails each day, implying that a modest company of 100 people will handle around 12,000 emails daily.  In total, there were over 4 billion active email users in 2020 who collectively sent and received 300 billion emails per day . With the mass usage of email, it is one of the most important data sources for organizations to capture and manage. A slow server and the difficulty preparing for any prospective eDiscovery demands along with inadequate email records for litigation or other legal concerns, and the difficulty in obtaining crucial email communications if they have been mistakenly deleted are a few of the challenges that come with a large volume of unmanaged emails. But by far, the biggest challenges that an organization faces with emails are with compliance and analytics. Compliance Regulations Many electronically stored information (ESI), including emails, contain some sort of sensitive business records and personally identifiab...

A typical person sends and receives over 120 emails each day, implying that a modest company of 100 people will handle around 12,000 emails daily. Then again, large corporations often have hundreds of thousands of people regularly sending staggering quantities of emails. In fact, according to Statista, there were over 4 billion active email users in 2020 who collectively sent and received 300 billion emails per day . This implies that emails are a vital element of the digital workspace, be it a government organization, a corporate entity, a university, or a non-profit. However, with ease of use, accessibility, and familiarity comes challenges. Inadequate email records for litigation or other legal concerns, and the difficulty in obtaining crucial email communications if they have been mistakenly deleted. As well as a slow server and the difficulty preparing for any prospective eDiscovery demands are a few of the challenges that come with a large volume of unmanaged emails. But by far,...

In January 2021, an Italian telecommunication giant was fined €27.8 million ($31.5 million) by Garante for violating the General Data Protection Regulation (GDPR) privacy regulations. But that's not all; the Italian Data Protection Authority (DPA) also imposed a €4.5 million ($5.5 million) and a €17 million ($20 million) fine on two more telecommunication giants in the country in April and July this year. Additionally, in March, the Spanish DPA levied an €8.15 million ($9.72 million) fine on one of the country's largest telecom service providers for violating the GDPR privacy regulations. That is just Europe in 2021; the United States also has a list of telecommunication companies with an accumulated fine of $3 billion by the Federal Communications Commission (FCC) in recent years for mishandling the consumer's sensitive data. And the situation does not seem any different around the globe, with defaulters being fined millions of dollars by the local and international...

Since the global financial crisis of 2008, bank profit margins have remained considerably low in the United States and other advanced economies. One of the biggest reasons is that the expenses have been outpacing revenues and, especially in Europe, the average return on equity of banks has dropped to undesirable lows. Furthermore, regulatory compliance and high levels of expenditure due to the suddenly remote workforce and increased risks due to defaults, insurance claims, client insolvency, and other factors added to the pressure. Therefore, the financial sector must act fast to increase profits, or be forced to continue laying off staff, which reached half a million last year, since 2014.  The profits can be increased in many ways, such as streamlining offerings, digitizing processes, seeking low-cost organic growth, and scaling up through mergers, acquisitions, and partnerships. But apart from increasing the profits, cutting costs can also help the financial services industry b...

There has been a surge in cybercrime in 2020 due to the pandemic, and all sectors experienced their fair share of data breaches. However, according to a report , the healthcare sector in the United States experienced a staggering 51% increase in data breaches compared to the 2019 figures. Although the healthcare sector's total share of data breaches is still significantly low compared to the IT and finance sector, the average cost of a breach in healthcare stayed higher than that of all other industries in 2020 and increased 10.5% since 2019. As alarming as it is, the healthcare sector is incredibly ill-positioned to withstand network outages, making it a perfect target for ransomware groups. But this sector was not particularly hard impacted until 2019, as these facilities do not have the financial resources to pay the vast ransoms that cybercriminals seek. While the fundamental reasons for breaches can be difficult to pinpoint, the study suggests that a failure to vulnerability p...

Due to the pandemic, many people were forced to work remotely for the first time, causing communication and collaboration issues between workgroups, clients, and even between the company and employees. As a result, companies rushed to embrace collaboration applications like Zoom, Slack, Meet, WebEx, Jabber, Microsoft Teams, etc., to keep their suddenly remote workforce connected and productive.  Since so many businesses rely on Microsoft's Office 365 suite for their day-to-day operations, it's no surprise that most of them turned to MS Teams to help their workers communicate successfully while working from home. But while the immediate focus was on the employees' productivity, businesses should now also consider what the rapid surge in new application usage implies for their data retention and management, compliance, and litigation requirements. Compliance Several compliance regulations require companies to preserve certain records for at least six years. For example, SEC ...