It’s crazy how much has changed in the last five years. Remember when we barely care about privacy laws? Now it seems like every time you turn around, there's a new one popping up–from Europe's GDPR to California's CCPA. And it’s not slowing down. By the end of this year, it’s predicted that 75% of the world’s population will have their personal data protected by some form of modern privacy regulation.
The question here is not whether businesses are compliant, but whether they can keep up with all these regulations. In 2017, a study found that non-compliance usually cost $14.82 million. Think about it, this data is from seven years ago. How much do you think has it increased today?
Keeping track of data privacy laws is a headache. They’re constantly changing, and the penalties for getting it wrong are serious. But staying compliant is not as simple as avoiding fines, it’s also protecting your business and reputation. If you’re handling customer data, you need to know the regulations that set the rules for how you collect, store, and use it. Here are five of the most important regulations you need to be aware of:
We all know that the laws don’t stop with GDPR or CCPA. You also have to consider the locations of your target market. Here’s what you need to have on your radar:
The bottom line is this: if you’re operating across multiple regions, keeping up with these regulations is a must. No one wants to be caught off guard by a compliance issue that could have been avoided.
Data compliance will only get more complicated from here. Regulations are growing more complex which puts a lot of pressure on businesses to keep up. If you’re leading an enterprise, these are some of the biggest challenges that could be keeping you and your team up at night.
Making sure that your organization is compliant with privacy laws doesn’t have to be a constant source of stress. There are right practices that you can adopt to minimize risk and streamline your approach. Here are some best practices that will make managing compliance easier for you and your organization:
Instead of waiting for something to go wrong, regular audits help you catch compliance issues before they become expensive problems. It’s a proactive move that saves you from the panic and the scramble if there will be a new regulation that you’ll have to comply with. With periodic checks, you’ll have a clear picture of how data is being handled, where you’re compliant, and where you need to tighten things up. It’s less stressful in the long run and keeps you in control of your business.
Less data means less risk—it’s that simple. If you only collect and store what you actually need, you’re reducing the chances of a breach and you’re making your life easier when it comes to managing data. Plus, you won’t be paying for the extra storage or dealing with unnecessary data that could turn into a liability. Having a clear data minimization policy means fewer things to worry about, and your team won’t have to manage mountains of unnecessary information.
Instead of treating privacy like a chore, why not bake it into your systems from the start? Privacy by Design makes sure your processes and technologies are built with compliance in mind from day one. This saves you from having to go back and fix things later, which is always more expensive and time-consuming. It’s a smoother, more efficient way to ensure that you’re staying compliant as your business grows.
Data privacy isn’t just the job of IT or legal, it’s everyone’s responsibility. By pulling together a cross-functional team that includes legal, IT, security, and key decision-makers, you’re making sure all aspects of compliance are covered. These teams can work together to spot risks, share insights, and move quickly when something needs to be fixed. It’s a faster, more holistic approach that keeps compliance from becoming a bottleneck.
These practices will take a lot of the guesswork out of compliance. You’ll be protecting your business while staying ahead of regulations and making sure your customers’ data is handled with care. All without slowing down operations.
Staying compliant with data privacy laws is tough enough without having to manually manage every detail. Technology can take a huge weight off your shoulders by automating the hard parts and reducing human error. Let’s talk about how the right tools can help streamline your compliance efforts and protect your business.
Automating key tasks like managing data access and user consent can free up your team to focus on bigger priorities. With automation tools, you don’t have to worry about missing a step or falling out of compliance. It’s all handled in the background.
Suggested Tool: OneTrust
OneTrust is a leading compliance automation platform that helps manage user consent, track privacy laws, and automate workflows related to data access. It’s trusted by organizations worldwide for its comprehensive privacy, security, and governance features.
Let me ask you this: do you know where your data is stored and how it’s classified? Data mapping and classification tools give you a clear view of what data you have, where it’s located, and how it’s being used. Making sure that sensitive data is properly managed and stored will help you stay on top of privacy regulations.
Suggested Tool: Collibra
Collibra is a popular data governance tool that offers powerful data mapping and classification capabilities. It helps businesses discover, classify, and monitor their data across multiple systems, which makes compliance audits smoother and more efficient.
This should be a top priority. Encryption and tokenization solutions make sure that even if your data is accessed, it can’t be used by unauthorized individuals. This not only reduces the risk of a breach but also guarantees that you meet strict data protection regulations.
Suggested Tool: Vormetric by Thales
Vormetric Data Security provides encryption and tokenization solutions for securing sensitive data. It offers robust encryption for data at rest and in transit that helps businesses meet data privacy regulations and protect critical information.
Your compliance is not limited to just your own practices, it also involves the third-party vendors that you work with. If they’re not compliant, you could be held accountable. Vendor assessment tools help you evaluate and monitor your vendors to make sure they meet the necessary privacy standards.
Suggested Tool: SecurityScorecard
SecurityScorecard is a highly regarded platform that assesses third-party vendors’ cybersecurity and compliance posture. It provides a clear risk score for each vendor, helping you monitor and manage third-party risk proactively.
Compliance is only as strong as your team’s understanding of it. Whether it’s GDPR, CCPA, or PCI-DSS for handling payment data, ongoing training is essential to make sure your staff knows how to apply the right practices. Well-trained employees reduce the risk of violations caused by human error and help your business maintain a strong compliance posture.
Suggested Tool: AppSecEngineer’s PCI-DSS Training
AppSecEngineer offers a dedicated PCI-DSS Training course designed to ensure your team understands and complies with payment security standards. It's a training that provides hands-on, real-world scenarios to equip your staff with the knowledge they need to maintain PCI-DSS compliance effectively.
Now is the time to be proactive in keeping your organization from regulatory pitfalls. With AppSecEngineer, you can ensure your teams are fully equipped to manage compliance no matter how complicated it gets. With compliance training, you can avoid huge fines and also strengthen customer trust, and safeguard your business’ future. How? Your teams will know exactly what to do from the beginning.
AppSecEngineer offers customized learning roadmaps with Journeys, a tailored approach that builds a clear, structured path for your team to upskill in data privacy and compliance standards. These roadmaps are designed to ensure your teams gain the right skills at the right time.
Now is the time to invest in your team’s readiness. With AppSecEngineer, you can build a robust compliance culture and protect your organization from the growing complexities of data privacy regulations.
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