Summary
Years ago, all business processes were essentially based on first-person testimony. In today's world, that isn't necessarily true anymore. For instance, a document being exchanged may be a collection of digital bits that exists only in a computer's data storage system. Both the source of the data being introduced, and the believability of the data, have become extremely important. With the recent rulings from the courts on e-discovery -- compounded by the proliferation of mobile technologies into commercial operations -- these changes mandate a new vision and methods for managing digital content as evidence. Being prepared for e-discovery is a new high-level requirement of risk modeling. This assures the underwriter that there is compliance with the policy's choice of law statement. The courts have a legitimate need to protect themselves from being drowned in digital content.
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Extract
Timing Is Everything
Years ago, all business processes were essentially based on first-person testimony. Someone took a paper which said something to another party, and that paper was granted legal status.
In today's world, that isn't necessarily true anymore. For instance, a document being exchanged may be a collection of digital bits that exists only in a computer's data storage system. But if needed, digital content can be introduced as evidence in legal proceedings, just as paper has been for hundreds of years.Both t...See the full content of this document
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