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Data Compliance is a strict campaign from the government to ensure that every company is loyal enough to the individual data they handle. Simultaneously, establishing a safe and secure environment for customers’ data contributes to the superfine user experience. Which further furnishes your company’s growth.
As a famous quote narrates “Just take care of customers and customers will take care of your business”. We can say that data compliance is a good deal for your company and its future.
Data compliance is a broader subject, where everything that matters is only “firm security for citizens’ data”.
In this blog, we will go through comprehensive information about data compliance, its implementation, and how it is beneficial for you.
So, let’s get started!
What is Data Compliance?
Data compliance is a legal helping hand for all data handling companies, organizations, and their customers. It ensures that your company complies with all the data handling laws, regulations, and standards. The end goal of all Data compliance laws and rules is to ensure that all the processes with data from collection, organisation, storage, and usage to the deletion of data should be in a secure and transparent environment. It forces you to be cleverer than ransomware evildoers, and hackers to lessen the chances of Data Breaches and strengthen your reputation.
Importance of Data Compliance
- Adhering to the data compliance laws promotes trust and builds strong relationships with your present customers, employees and stakeholders.
- Compliance frameworks often include competent data security measures to protect data from unauthorised access. Compliance also infuses regular audits and assessments to strengthen your data security. Eventually, you enhance your organisation’s overall cybersecurity sector.
- Establishing a safe and secure environment by following data compliance laws, increase your company’s reputation and attract more customers, employees and investors.
- You save your company from high penalties for violation of laws and regulations of data compliance. According to GDPR 2024 reports, a violation fine is 4% of annual global turnover or €20 million – whichever is greater.
- 137 out of 194 countries (71% countries) worldwide have established data compliance legislation. 9% are with draft legislation. Moreover, 79% of countries accept that they have received significant business profits after complying with data laws.
Stats clarify that it is better to comply with data compliance laws.
Common Data Compliance Regulations and Standards
General Data Protection Regulation (GDPR)
The GDPR is a comprehensive data protection regulation applicable to all European Union (EU) member states. It has a mandatory rule to obtain explicit consent from users before collecting their data.
One interesting thing about GDPR is that if your country is not an EU member but you want to do business with any person under EU jurisdiction then you need to comply with GDPR first.
California Consumer Privacy Act (CCPA)
The CCPA is specifically for California, United States. It provides Californians certain rights to have information about collected data type and usage of their data. Additionally, they can request for deletion of data and sue for any misuse. CCPA requires businesses to disclose their data practices and provide opt-out mechanisms.
Health Insurance Portability and Accountability Act (HIPAA)
HIPAA is a federal law formed by the United States. It is for the security of health information in the US. It applies to healthcare providers, healthcare clearinghouses, and health plans. One key feature of HIPAA is that it requires an audit trail for any transaction with collected data. Which makes robust security for health-related data.
Payment Card Industry Data Security Standard (PCI DSS)
PCI DSS is a set of security standards developed by major card brands to protect credit card data. It applies to organizations that handle, store, or process payment card information.
One unique thing you can find in PCI DSS is that it is not mandated by the Government.
Steps to Implement Data Compliance
1. Assess and Understand Applicable Regulations
Begin by identifying the specific data compliance regulations and standards that apply to your organization based on its location, industry, and the types of data it handles. Further, obtain a comprehensive deep understanding of them all. This knowledge of all specific Laws and regulations for your company will help you make a robust security framework.
2. Emplace Data Protection Policies
Establish clear and pervasive data protection policies incorporating the data handling process of your company. These statements should clearly outline how you collect, process, store and use your user’s data. They shall give an intensive view of your robust data protection measures and data breach response strategies.
3. Establish a Data Inventory and Mapping
Establishing a proficient inventory and mapping for your data storage can give you intensive information like sensitivity, criticality, and chronology of stored data in no time.
These pieces of information are crucial for effective data governance and establishing efficient management, security and privacy for data.
Organised data storage helps you assess data handling practices, identify potential risks, and implement adequate controls.
4. Obtain clear Consent
You can Implement mechanisms to obtain explicit consent from individuals before processing their personal data. Remember that consent is given freely, specifically, and can be withdrawn easily by users. Further, Keep detailed records of consent to demonstrate compliance if required.
Showing privacy policies and taking permission before recording data increases your faith towards users.
5. Implement Security Measures
To prevent unauthorised access, loss, or theft of personal data, use strong security measures. This comprises data security best practices training for staff members as well as encryption, access controls, firewalls, intrusion detection systems, and regular security audits.
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6. Stay updated with the newest data protection measures
Data security and compliance are developing while keeping the latest technology in mind. Hence, old security measures will neither allow you to keep up with the latest standards nor will they provide you with efficient data security. Hence, keeping pace with the growing technologies in your protection measures can help you be on top.
7. Response Plan for Data Breach
A data breach response plan is about those immediate substantial actions to be taken for a data breach situation. This includes prompt security siege operations to minimize the effect of the breach as well as straightway notifying affected individuals and relevant authorities required by data compliance regulations.
8. Regular Audits and Compliance Monitoring
Regular audits and compliance monitoring for your data protection strategy will help you identify issues or vulnerabilities and make essential changes or updates. Eventually, you will strengthen your preparation for any potential risks.
9. Constant assessment and training
Conducting specialised training regarding privacy practices, security protocols and data compliance for your staff, security team, and auditors to improve their proficiency can minimize the risks of any data breach.
10. Establish Data retention and deletion policies
These Data retention and deletion policies outline for how long duration any specific data will be retained and the process of securely deleting the data when no longer needed.
These policies will help you organise your data well and keep your storage clean.
I hope that hereby you must have got a clear understanding of what data compliance is.
All these steps will help you generate robust security measures and establish well with data compliance laws and regulations.
Bottom Things to Know
Data compliance deals with both needs for security and the growth of a company or organization. Most importantly, outcomes –for companies that fail to comply with data Laws and regulations– are no less than nightmares they have ever faced. They are assaulted by giant fines, defamation, license revocation and imprisonment occasionally. Consequently, they disrupt their own business. However, those punishments are given according to the severity and the nature of the violation.
On the other side, a company –well established with data compliance and security– leverages an abundant amount of advantages resulting in higher speed progress.
Remember, compliance is an ongoing process that requires continuous monitoring, adaptation, and improvement to keep pace with evolving regulatory landscapes and data protection challenges. Thus, you need to be adroit enough with data security compliance and cybersecurity methods.
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Other Stuff for Your Help
- What is Cybersecurity?
- 10 Ultimate Cyber Security Courses in Saudi Arabia
- Tips to Fight Against Cyberstalking
- What is Cybercrime? Types and Prevention of Cyber Crime
FAQS
Non-compliance with data regulations can result in severe consequences, including financial penalties, legal action, reputational damage, loss of customer trust, and potential suspension of business operations.
It is recommended to review and update your data compliance practices regularly, particularly when there are changes in regulations, new data processing activities, or significant technological advancements that may impact data security and privacy.
The requirement to appoint a Data Protection Officer depends on the specific regulations that apply to your organization and the nature of your data processing activities. It is advisable to consult the relevant regulations to determine if a DPO appointment is mandatory.
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