The 3 Ways of Ensuring Compliance with Data Privacy Regulations
The changing compliance landscape has made it necessary for organizations to stay up to date with the regulations or face dire penalties from regulatory agencies.
FREMONT, CA: The California legislature recently passed stringent data protection regulations to govern the use of customer data by tech giants. Lawmakers in several other states are considering new proposals to give citizens more power over their personal data collected by business organizations.
The rapid advancement in technology and consequent data breaches has birthed a wave of regulations around the world. The cyberattacks have devastated many organizations across multiple industries, affecting millions of customers and costing corporate billions of dollars. The increase in high-level publicized breaches over the last few years has laid bare the consequences of data mismanagement. However, cybersecurity is not the only concern of businesses. The emergence of new regulations has made it imperative for organizations to exercise caution when handling customer data.
Not many months have passed since France fined Google $56.8 million for not complying with the general data protection regulation (GDPR). Although it was aware of what the law implied, the tech organization failed to accommodate the regulations in its operations, thus violating the data privacy laws. The consequence of delaying the relevant changes cost the tech giants a fortune. However, a startup with high overheads would not stand a chance. Hence, it is imperative to be vigilant for compliance and make relevant changes when required.
Organizations need to conduct regular data audits to monitor the storage and use of customer data. The data assets prone to breaches include customer relation management software, point-of-sale purchase information, email marketing tools, company servers, and other platforms. Hence, it is necessary to have platform-specific security measures to protect the data.
Organizations should keep updating their data reserves, erasing unnecessary information, and minimizing the areas for potential attacks by cybercriminals. The security teams need to make the latest patches for their software to secure their platforms against cyberattacks. Also, it is advisable to maintain relevant certificates for their technologies to ensure compliance with regulations.
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