Background
Archival of electronic messages has become a concern in modern society as regulations and compliance requirements for businesses have become more prevalent with notable Congressional acts, such as Sarbanes Oxley. Other compliance areas of concern are those dealing with U.S. Securities and Exchange Commission (SEC) 17a-4, NASD 3010, HIPAA, the Data Protection Act, and the Patriot Act. Several large corporations lost significant amounts of money because of their failure to meet these compliance requirements. Morgan Stanley had a $1.45 billion judgment against them and Merrill Lynch was issued a $2.5 million fine because of their inability to reproduce e-mail transmissions. Because of growing concerns of similar repercussions, major corporations are implementing electronic message journaling to meet compliance requirements.
Read more about this topic: Electronic Message Journaling
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