CommerceGuard.org is the primary site of the Commerce Accountability Project (CA Project, LLC), an organization dedicated to exposing anti-competitive, anti-labor and anti-consumer practices in industry. We rely on the support of the public to continue our work. If you would like to support us, please consider donating or volunteering. You can learn more about us here.
Glossary
InsuranceFinanceHealthcareEmployment LawPrivacy

Data Retention

Data retention refers to the practice of storing or keeping personal information for a specific period of time. This can include information such as names, addresses, phone numbers, or other details that can identify an individual.

Example #1

An online retailer keeping customer data (like shipping addresses and purchase history) for future marketing campaigns.

Example #2

A social media platform storing user profiles and posts for analysis and targeted advertising.

Misuse

Misuse of data retention can occur when organizations keep personal information longer than necessary or use it for purposes other than what was initially agreed upon. For example, a company holding onto customer credit card details indefinitely without consent could lead to unauthorized transactions and identity theft. It's crucial to protect against misuse to ensure consumer privacy and prevent data breaches.

Benefits

Benefits of data retention include facilitating personalized services for consumers. For instance, a healthcare provider maintaining patient records allows for continuity of care and tailored treatment plans based on medical history. Additionally, it can help companies improve their products or services by analyzing consumer behavior and preferences.

Conclusion

Data retention is essential for various industries to operate efficiently and provide personalized services. However, it must be done responsibly, with clear policies on why data is collected and how long it will be kept. Consumers and employees should be informed about data retention practices and have control over their personal information to protect their privacy and prevent misuse.

Related Terms

Personal DataPrivacy NoticeData ProtectionConsentRight To Be Forgotten

See Also

Data ArchivingData DisposalData ErasureData StorageInformation Lifecycle ManagementMinimum Data Retention PeriodSecure Data Backups

Last Modified: 4/30/2024
Was this helpful?