Redaction for Financial Services

Redaction for Financial Services is done to protect customers privacy and data and to ensure trustworthiness between customers and financial institutions. Banks deal with thousands of documents, such as mortgage documents, loan forms, and customer information that must be redacted quickly and accurately.

January 29, 2020 | 10 minutes read

Financial Institutions and the Impact of New Privacy Regulations

Privacy laws impact all businesses. The GDPR and CCPA set standards for data protection. Companies must comply, use privacy audits, and protect sensitive data, including redacting personal data when needed, to maintain trust and avoid penalties.

How GDPR Affects American Companies

Cybersecurity and data privacy will remain critical global issues. While Europe might be leading the change, concerns about data collection and exploitation worldwide may drive new legislation.

GDPR Affect on Businesses

The GDPR is making a huge impact on business. The GDPR was set forth to address the issues surrounding businesses collecting personal data belonging to citizens as well as the length of time those businesses can store that data.