Rapid technology advances have brought new challenges for the protection of personal data, and so every organisation needs a comprehensive approach to privacy management. They must also document how they collect, process and store personal data. But too many companies still fall down on the security fundamentals and new regulations such as the General Data Protection Regulation (GDPR), Payment Card Industry (PCI) Data Security Standard, Health Insurance Portability and Accountability Act (HIPAA) and ISO 27001 are making the cost of failure far greater than it’s ever been.
Regulations and directives are unavoidable, and with non-compliance, fines and audits will undoubtedly follow. However, while these regulations feel like a burden, by employing basic security measures, they can be turned into an opportunity. Many of the risks are in the data itself and the processes used to manage it. So, these are essential parts of a corporate initiative towards Data Security.
Read about 10 ways to improve security compliance with data privacy regulations on Information Security Buzz.