Unprecedented fraud and large fines highlight
compliance requirements for unified communications.
Survey finds 45 percent of IT managers would be unable to produce
an archive of specific employee communications
FaceTime Communications has seen growing concern among large
organizations over the past several weeks, examining their ability to
log, archive and retrieve instant messages.
The recent concern is fueled in part by news reports related to
$7.1 billion in losses caused by a rogue trader at Societe Generale, a
large French bank. Earlier this month, instant messages reportedly
exposed a new twist in the scandal surrounding the record losses. Other
cases also have brought e-discovery to the news forefront in recent
months, including a patent infringement trial involving Qualcomm Inc.
and Broadcom Corp. that resulted in fines to Qualcomm in excess of $9
million due to its untimely response to e-discovery requests. Among the
changes to the Federal Rules of Civil Procedure which took effect
December 1, 2006, is a broad new definition of what constitutes
discoverable electronically stored information. Companies need to keep
track of all the e-mails, instant messages and other electronic
documents they store--whether or not they define them as business
records--and, if involved in litigation, be able to produce their
"electronically stored information" according to specific
requirements as part of the litigation discovery process. Put in simple
terms, if the communication is saved electronically it is subject to the
e-discovery rules.
www.facetime.com
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