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What are the data lifecycle management policies?
Data lifecycle management policies define retention, storage, and disposal protocols for identity-related data. Policies specify retention periods (e.g., 7 years for compliance), encryption standards for active data, and secure archiving methods for inactive credentials. Automated systems purge expired data beyond retention limits, while blockchain-based audit trails retain immutable records for transparency. These policies balance regulatory requirements, security, and cost efficiency, ensuring sensitive data is protected throughout its lifecycle while minimizing storage overhead.
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