The Laws That Mandate WhatsApp Call Monitoring
If
WhatsApp is an important communication medium in your business, you should
consider implementing WhatsApp
call monitoring. The need to capture and record WhatsApp calls has become a
key concern of many industries as more and more employees use this encrypted
app to make phone calls with their colleagues and customers. These
conversations are likely to include information that is deemed relevant to the
organization, and so it should be archived for compliance reasons, among other
reasons.
There
are various laws that mandate WhatsApp
call recording. One of them is the Securities and Exchange Commission (SEC)
law. The United States SEC implements various laws that require companies under
its jurisdiction to archive records that are made by their employees during
their business. According to the SEC Rule 17a-3 and 17a-4, financial services
companies need to retain records of their sales scripts, marketing materials, audio
or visual records, and any electronic or social media records.
In
the year 2018, SEC released a risk alert that notifies United States financial
advisers and their personnel that they are tightening their monitoring efforts
to those who use text messaging, instant messaging apps like WhatsApp, as well
as personal emails to communicate with their clients. This risk alert came
after the OCIE conducted a limited-scope examination that was aimed at
obtaining an understanding of the various forms of electronic messaging that
are being used by advisers, the risk of such use, as well as the challenges in
complying with certain recordkeeping provisions of the Advisers Act Rule 204-2.
Another
law that mandates WhatsApp call monitoring is the Gramm-Leach Bliley Act. This
law imposes rules that mandate banks as well as financial service firms to
protect information about their customers, including those that are referenced
during WhatsApp calls. The firms are then required to optimize and secure their
WhatsApp archiving storage to make sure that customer information that is relayed
through WhatsApp calls are protected against illegal access and breaches.
For more information on the laws that
mandate WhatsApp call monitoring, visit our website at https://www.telemessage.com/
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