Three Cyber-security Regulations To Understand As A Business Owner
There are multiple topics that are always taking the lead today and cyber-security is one of these topics. Where you visit corporations and businesses, you will never miss cyber-security-related topics. 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. As a matter of facts, there is a lot of consumer data leakages and misuse and this makes the consumers feel somehow insecure and vulnerable. This article will make it possible for you to garner some facts about cyber-security securities that you need to stay on top as a businessperson.
The very first regulation that you need to understand is the GDPR. GDPR compliance was established or introduced on the 25th of May, 2018. European Union defined these cyber-security regulations and they make it possible for consumers to understand how data will be collected and at the same time get to understand how the data will be used hence enhancing privacy.
The second group of cyber-security regulations that you need to understand is the industry specific regulations. Both financial and health industries are the most regulated industries in the world. The reasons why these two industries are overly regulated is because of the sensitive data they have and why they increase the vulnerability of many people. As a result, these two industries are regularly examined and regulated. Regardless of this high level of regulation, attacks are always imminent for these industries. The reasons why hackers are attacking these two industries is because they need only the SSN and bank account number to generate lots of money through the black market. Thus, HIPPA has extensively helped ensure that the health industry is appropriately regulated. On the other hand, SEC is always obligated with the responsibility of regulating the financial industry.
There is need for you to also understand the California Consumer Privacy Act. The congress has been reluctant to pass legislation on cyber security issues and this has contributed the state of California to pass their own Acts. This act is expected to be fully effective in 2020. The act is only for the businesses and consumers in California.
Cyber-security regulations ill, always keep changing and you are only on the safe side where you are on top on these regulations as they will never affect your business whatsoever. Therefore, ensure to rely on the above info that enlightens you on three cyber-security regulations that you need to understand. Therefore, ensure to stay on top of these regulations and this will always help keep you on the safe side.
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