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Under CA law, both parties to any conversation must consent to have the conversation recorded or monitored. Thus, the company must give notice to not just the employees using the phones but also to anyone who is being called (usually in the form of the recording beep tone and a verbal warning that the call is being recorded) that the call is being recorded and monitored. Failure to do so can subject the company to civil fines and even possible criminal charges for illegal wiretaps.
Computers are a bit of a different story. There is limited expectation of privacy in using a company's computer or computer network and as such the company has a right to monitor all computer use on their computers and on their computer network and anyone using such a computer or network has no legal expectation that any activity on a computer or network that does not belong to them would be confidential or protected.
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