For businesses, one of the scariest threats out there is that of compliance fines for not holding up your end of the bargain with your customers’ data. But what goes into compliance, and what does it look like? We won’t be digging into the nitty-gritty of what these specific regulations require; rather, we’re performing a broad analysis of what businesses should be doing to ensure compliance, regardless of the protocol or the industry.
Even though there are plenty of industry-specific standards and regulations you need to comply with, these regulations usually have several core principles in common:
Again, the requirements vary by industry, but most businesses (if not all) should anticipate adhering to regulations that do the above, at a bare minimum.
While the above might paint a broad picture of compliance, we assure you it’s much better to be safe than sorry.
We recommend that you take inventory of all the data your business collects, as well as what it’s used for and how it’s stored. Once you’ve done that, be sure to implement any security measures you’re lacking, whether they’re strong passwords, encryption, unified threat management, and endpoint protection. All employees should also be well-versed in your business’ data privacy policies and security expectations, so implement a training schedule that’s reinforced with regular reviews.
Taking data privacy seriously isn’t easy, but we have a solution that makes it a lot easier.
IT plays a significant role in compliance, specifically when it comes to data security.
All businesses collect personal information in some regard, whether it’s the personal information of their employees, the payment credentials of their customers, or the health insurance documentation employees need to receive care. You need to keep this data safe. Thankfully, you can do it with ease thanks to our security solutions.
To get started taking compliance seriously (and you should), give Virtual Business Solutions a call at (504) 840-9800 ext. 105 today.
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