All you should know about the Data Compliance
When you don’t have the encryptions over your user’s data or not Data Compliance, there can be a gap in having more engagement with your customers or clients and your business or company might have a great loss in terms of revenue and also reputations. When you don’t have the encryptions over your user’s data or not Data Compliance, there can be a gap in having more engagement with your customers or clients and your business or company might have a great loss in terms of revenue and also reputations.
All you should know about the DataCompliance
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All you should know about the Data
Compliance
As per the General Data Protection Regulation (GDPR), every company or organization
is mandated to comply with keeping the data security of their clients or customers
encrypted and personalized. We are living in a world where cyber attacks or data
breaching have become so frequent and unbeatable that having a strong security
protocol is inevitable. When you don’t have the encryptions over your user’s data or not
Data Compliance, there can be a gap in having more engagement with your customers
or clients and your business or company might have a great loss in terms of revenue
and also reputations. So, maintaining this policy should be made a priority at all costs
and situations. By being compliant you are sticking with both the Industry and
Government regulations and it is going to strive for your company or organization till the
end.
What is Data Compliance?
It is a stern regulation passed by the Industry, State, or internationally like the GDPR,
where the Personal Identifiable Information or any other credentials of any users,
clients, or customers are made mandatory for keeping it encrypted and guarded at all
costs. And if any company or organization fails to comply with this regulation they will
have to encounter charges, ranging from civil fines to criminal prosecutions.
What are the different standards of Data Compliance?
Excluding the GDPR, more Data Compliance standards need to be complied with, they
are as follow:
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HIPAA: It is abbreviated as the Health Insurance Portability and Accountability
Act of 1996. This Act ensures that all the Medical records or data of any
individuals should be kept encrypted and personalized. When this protocol failed
to meet by any organizations then, there can be a huge amount of fines imposed
by the Government.
PCI DSS: Payment Card Industry Data Security Standard (PCI DSS) is also one
of the important regulations which every company or organization should be
compliant with. It deals with the financial information of all the customers. And as
per this regulation all the credentials of cardholders like the Credit card number,
bank details, etc, are to be kept mask and encrypted. This policy is not a
Government-mandated policy but, it is an Industry regulation which is needed to
be taken as seriously as possible. Violating with this could cost a huge fine for
any company or organization.
SOX: Sarbanes-Oxley Act (SOX) was an initiation taken by the US Government
in 2002 to have transparency in accounting in enterprises between the
shareholder and the public. It tends to create a healthy relationship in the
corporate disclosures as well.
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CCPA: The California consumer privacy Act is compliant to keep personal
information (PI) encrypted. This does not apply to small businesses or startups.
But, it applies to companies that make about $25 million of revenues per year. It
is considered to be one of the most challenging regulations for large companies
in California.
How to keep your customer’s data protected?
One of the most challenging issues that every company faces is the issues of a data
breach. As per the IBM estimation, the loss of revenue due to the breach of data has
gone to the extreme out of surprise. The majority of Americans are more anxious about
its data security, rather than their revenue loss.
So, here are some of the ways by which you can keep your customer’s data private and
secure:
1. Stay updated with the Encryptions:
As the technologies advance, even in the encryptions of data keeps upgrading in the
present IT sectors. So, be smart and keep updating the encryption system to avoid any
data breach in the future.
2. Leave no trace of the data:
Sometimes having access to some of the customer’s data is necessary. But, you should
always try to destroy the data whenever it is no more required. In this way, the chances
of getting breached would be less.
3. Restrict access of customers’ data on to necessary person:
There is no need of giving access to all the people in your organizations or companies
about the credentials of the customers, as it can only increase the possibilities of a data
breach. Make it very personal and secret, as it is all about the betterment of your
customers and your reputations.
4. Minimal access to customer’s data:
Collecting some data from the customers is inevitable. But, having minimal access to it
should be the priority while accessing it. There is no advantage to collecting
unnecessary data from your customers. It can only give your burden and can put your
company at risk. So, try to keep it at the least I would suggest.
Contact Us
Company Name : Enov8
Contact Person : Ashley Hosking
Address : Level 5, 14 Martin Place, Sydney, 2000, New South Wales,
Australia
Email : enov8australia@gmail.com
Phone(s) : +61 2 8916 6391
Fax : +61 2 9437 4214
Website :- https://www.enov8.com