Compliance Teams Struggle With Modern Electronic Communication Tech
Many compliance teams in the financial services industry are struggling with limited human resources to oversee the fast-changing electronic communications compliance landscape, says a new Smarsh report.
The annual Electronic Communications Compliance Survey Report found that nearly half of respondents (45 percent) say they are in constant catch-up mode, rather than proactive mode, when it comes to electronic communication compliance. Without adequate technology to automate the collection, preservation and review of an increasingly diverse volume of electronic communications, organizations are struggling to keep pace, says the study.