Over the years, companies have accumulated a huge volume sensitive information for their clients. This data is largely collected as a basis for large analytics data for ad targeting.
As companies collect more and more sensitive data about their customers, the need for data security is increasing. In recent years, a large number of data breaches have proven that hackers are interested in this information and are willing to spend significant amounts of time and money to access them. A business must take the necessary steps to secure its sensitive data, both for its customers and to protect their own ability to operate competitively.
In recent years, many have been voted on and enacted regulations for data protection. However, a rapidly developing regulatory environment can make it difficult for companies to achieve and maintain the required levels of compliance.
Many modern businesses are international or global, which means their bases and operations can cross national borders. This can complicate their efforts to maintain proper compliance, as an organization may be required to comply with the laws wherever it is or where its customers are.
Achieving and maintaining compliance with data protection regulations can prove to be a major challenge for any company. The first challenge facing businesses is to recognize any regulations that apply to them.
The GPDR the EU has helped a little in this respect. An EU-wide regulation covers much of the target market for many companies. The rule also requires that equivalent protection measures be implemented at national or corporate level so that companies can store EU data.
Once a company has identified the regulations that apply to it, it must achieve and maintain compliance, which can be difficult. Most regulations are more formulated as general requirements, such as “use encryption for the Protection of All Personal Information (PII) ”, rather than a checklist of security controls that must be implemented to achieve compliance.
Once a company has achieved compliance, it must also work to maintain it. Many regulations require audits when a company has to prove how these security audits meet compliance requirements.
Achieving compliance with data protection regulations is important for any company. These regulations are designed to protect the personal data that consumers have entrusted to them organization. As a result, data protection regulations can include severe penalties for non-compliance, whether or not there has been a genuine breach.
One way it can help with compliance is by automating the discovery of data that must be protected under a specific regulation. Most Personal Identification Information (PII) and Protected Health Information (PHI) come in a specific format (ie phone numbers, email addresses, social security numbers, etc.). A data security solution can help you discover where this information should be stored in a company's network.