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A look into the exponential growth of data, the complexity of people processes and technology, and the razor-thin deadlines Every professional involved in eDiscovery would agree that budgets drive everything, including technological solutions. Therefore, they must be cost-effective to truly solve problems. However, these professionals frequently struggle with the existing eDiscovery solutions. One of the most significant reasons is that eDiscovery budgets are often fraught with price shock accounting for 20% to 50% of all litigation expenses . This has prompted many industry leaders to debate why the costs of running an eDiscovery function continue to rise at a rate that outpaces practically every other department or function year after year. Though there are a variety of reasons responsible for driving the eDiscovery operations' cost, the following three are the most common: Data is growing at an exponential rate Complexity of technology Razor-thin deadlines Data is growing at an

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 bette

Recently, there has been a surge in the number of fines imposed on companies for violating privacy laws and regulations. Some notable incidents are the $888 million fine imposed on   Amazon   by the European Union (EU) in July 2021 and the $58.7 million fine on   Google   in 2019. Though these fines are considerably huge, they are essential to ensure our personal data is safe with companies. What is Personal Data? Personal data is any data that can   identify an individual. Email addresses, phone numbers, credit card numbers, SSN, home addresses, etc., are examples of personal data. Personal data is also known as sensitive data or Personally Identifiable Information (PII). The growing awareness of data rights has made it essential to safeguard these sensitive data. GDPR and CCPA are two of the largest privacy laws and regulations. What are GDPR and CCPA? The  General Data Protection Regulation  or GDPR is a regulation on data protection and privacy in the EU. Adopted in 2016, it applie

Information archiving and in-place solution for email, files, Microsoft Office, Teams, SharePoint, legacy systems, social media, and instant messages

Remediate and defensibly govern sensitive information with ZL Tech's in-place and archive GDPR compliance software and privacy solutions.

HIPAA compliance software from ZL Tech, providing information archiving, streamlined review, custom lexical rules, and false positive reduction

DoD 5015.02 Certified Records Management Software from ZL Tech, a Gartner Leader in Enterprise Information Archiving

Records management system for email and file archiving with DoD 5012.2 certification, legal and compliance coordinated retention and deletion.

ZL Tech for GDPR, CCPA, and all privacy compliance . Find, control, and remediate sensitive information across the enterprise from a single platform.

Manage all Microsoft Teams data , apply governance policies, and review messages in compliance with SEC and FIRNA rules using ZL Tech UA

A Gartner Magic Quadrant Leader delivers File Analysis and Management for records management, privacy, security, ROT reduction, and analytics

eDiscovery manager and compliance solutions for early case assessment, collection, preservation, and review of large volumes of electronic data.

Advanced communication supervision and compliance management software for SEC, FINRA, GDPR, CCPA, HIPAA, SOX, FRCP, and more regulations.