FDIC Requires Banks to Adopt Policies on Disposal of Information Stored on Office Equipment

Elizabeth Khalil writes:

On September 15th, the Federal Deposit Insurance Corporation (FDIC) issued guidance(Financial Institution Letter FIL-56-2010, “FDIC Guidance on Mitigating Risk Posed by Information Stored on Photocopiers, Fax Machines and Printers”) urging banks under its supervision to ensure that they have written policies for the erasure or destruction of sensitive or confidential customer information stored in photocopiers, fax machines, or printers.  Such storage may occur when the device’s hard drive or flash memory stores digital images of documents that were photocopied, faxed, or printed using the device.

Read more on Hogan Lovells Chronicle of Data Protection.

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