Three Cyber-security Regulations To Understand As A Business Owner
Today, there are some topics that are taking the podium in the business and political world and cyber-security is one of these crucial topics. Companies that are established today as well as businesses are all participating in discussing the topic. Today, there are couple of cyber-security regulations and for you to be on the safe side, you need to stay on top of these regulations. The consumers are only concerned about their privacy. Consumers data is being misused on a daily basis and this makes the populaces or rather consumers concerned about their privacy in a good way. Through this article, you will discover more about the cyber-security regulations availed for corporations that are in charge of consumer data collections.
First, there is need for you to garner facts about the GDPR cyber-security regulations. GDPR compliance was established or introduced on the 25th of May, 2018. The European Union was the one that defined these regulations and they necessitate corporations collecting personal data to always acquaint the consumers with the process of data collection and the intention.
There are industry specific cyber-security regulations that you need to be abreast with as well. Of all the industries in establishment today, heath and finance are the most regulated. This is due to the level of sensitivity they have as they at all times handle sensitive data. As a result, these two industries are regularly examined and regulated. Amidst all these scrutiny, these two industries are always vulnerable to attacks and they are often attacked. Basically, hackers are always looking for social security numbers as well as the bank account number and use this information to make a lot of money and wealth in the black market. Thats why HIPPA is ensuring that the health industry is adhering to the set regulations. On the other hand, SEC is always obligated with the responsibility of regulating the financial industry.
California consumer privacy act is another key regulation that you need to understand. The congress is taking long before defining regulations and thats why California has defined its own acts to help keep consumers safe. The laws will be in effect come 2020 and these regulations will be in effect like the GDPR. However, this will only be in effect in California hence affecting only the populaces of California; consumers and businesses.
There is always need for you to understand that these cyber-security regulations are always changing their goal posts or rather they keep changing hence the need for you to stay on top of them. Therefore, ensure to stay abreast with the regulations mentioned above. Therefore, ensure to stay on top of these regulations and this will always help keep you on the safe side.