Firms operating in regulated verticals need to comply with compliance, legal, and regulatory requirements around retention, eDiscovery, and supervision of electronic communications from Microsoft Teams. For example, financial services firms need to preserve business-related communications in a non-rewriteable and non-erasable format (WORM) to comply with SEC 17a-4 Books and Records.
FINRA’s 2019 Examination Report Findings are a clear example of regulatory expectations for collaboration platform record-keeping:
“If a firm permits its associated persons to use a particular application—for example, an app-based messaging service or a collaboration platform—the firm must preserve records of business-related communications and supervise the activities and communications of those persons on the application”
Theta Lake is offering a FREE, 17a-4 compliant archiving module of its compliance and supervision suite which includes,
To meet the ever-increasing capture and stringent record-keeping requirements for compliance at clear cost savings try Theta Lake instead of the hidden costs and risks of raw storage options. Also, if you want to do more than compliant archiving, adding Theta Lake’s AI-based detection and supervision for compliance, conduct, and data leakage risks in what was said, shown, shared, or typed within Microsoft Teams communications is available.