The data lifecycle tracks data from collection through storage to destruction. Your data policy should set rules for collection, retention, and destruction.
The data lifecycle follows information from the moment you collect it, through everyday use and storage, all the way to its secure destruction at the end.
Data you no longer need is pure risk, because it can still be stolen but no longer earns you anything. Your data policy should put collection, retention, and destruction in writing, which turns each stage into a routine habit rather than a judgment call made under pressure. Written rules also make audits, customer questions, and staff turnover far easier to handle, since the answers do not live in one person's memory. If you would like help drafting a policy that fits how your team really works, get in touch.