
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.
Constant Vigilance
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.
Systematic Audits
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.
Regular Updates
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.
Check out: Top Healthcare Compliance Solution Companies
See Also: Top RegTech Solution Companies
ON THE DECK
Featured Vendors
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
