If you’ve been playing any sport, you know that different games have different rules and regulations. The same goes for work, school, and even family life. Breaking rules leads to penalties which at times can be devastating for you. Business is no different. If you store any information about clients, customers, and staff, you have rules and regulations you must follow and comply with to stay safe and avoid potentially very serious consequences. Here we look at some of the most important cybersecurity related regulations.
Payment card industry data security standards are put in place to protect any payment card user data to keep you and your clients safe. The founding members include American Express, Discover, JCB International, MasterCard, and Visa. Essentially, they created this standard so that banks, retail stores, online vendors, and software developers would be required to uphold the privacy of the cardholders’ information.
HIPAA stands for the Health Insurance Portability and Accountability Act. Created in 1996, HIPAA sets regulations that secure certain health information. With the rise of technology and convenience, health industries also adopted the utilisation of online record holding. However, with so much personal information on health records, new security needs to be developed. These confidentiality rules apply to hospitals, pharmacies, medical insurance companies, health clinics, and more. Thanks to the assistance of cybersecurity companies, the above-mentioned entities can focus on their medical work and leave everything else to the experts.
General Data Protection Regulation
I’m sure you’re familiar with the GDPR aka General Data Protection Regulation. This regulation was set up to protect people’s sensitive information in general, limiting what data companies can gather and how they use it. Breaching GDPR can lead to legal consequences and potential hefty fines. To mitigate the risk of breaching the GDPR, many companies turn to cybersecurity service providers for assistance.
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These are the three most common regulations businesses of all sizes must comply with daily. If you have any questions about regulations, we at help4IT are happy to answer your questions. Feel free to contact us today.