The General Data Protection Regulation (GDPR) was created in 2018 in the European Union (EU) to protect personal data collected by businesses, and it remains the most comprehensive privacy and security law in the world. Fines for violation of the GDPR are tough — peaking at 4% of global revenue or 20 million euros, whichever number is higher. And that’s in addition to compensation that might be paid to individual data subjects who can seek recompense for damages.
While the GDPR might be the most well-known law of this type, it has been followed by others such as the California Consumer Privacy Act (CCPA) and the General Personal Data Protection Law (LGPD) that originated in Brazil. Added to those complex requirements are specific laws that govern compliance in the United States, such as:
- Health Insurance Portability and Accountability Act (HIPAA)
- Fair Credit Reporting Act (FCRA)
- Family Education Rights and Privacy Act (FERPA)
- Gramm-Leach-Bliley Act (GLBA)
- Electronic Communications Privacy Act (ECPA)
- Children’s Online Privacy Protection Rule (COPPA)
- Video Privacy Protection Act (VPPA)
- Federal Trade Commission Act (FTCA)
Of course, there are many others not noted here that your business may be subject to, including specific state acts such as those in Virginia and Colorado.
What These Data Protection Requirements Mean for Your Business
While each of these data protection requirements has their own set of compliance standards that may govern how your business collects — and protects — data. With laws and regulations evolving and more being added to the books, staying compliant can become a real chore for businesses, even ones that are not collecting data for marketing purposes. To stay on the right side of these regulations, your company must be vigilant, using cybersecurity best practices to keep data safe. Here’s what you need to know:
Employ Cybersecurity Best Practices
Always use cybersecurity best practices when dealing with data. Some strategies to keep in mind include:
- Using a zero-trust model that employs user authentication for every access request.
- Providing training and education to employees on cyberhygiene and cybersecurity best practices.
- Limit access to third-party vendors.
- Keep abreast of software and hardware security patches.
- Manage incidents in real time.
Other strategies such as remote monitoring for suspicious activity and deploying access control management can also amplify your compliance and keep data more protected.
Consider Expert Help
Because the worlds of information technology and cybersecurity are continually evolving, your company must either invest in a full-scale IT department staffed with high-end talent or consider partnering with a third party managed services provider (MSP). Choosing a Managed IT program by partnering with a competent provider is the perfect way to gain access to the deep knowledge and cutting-edge technology you need to keep systems optimized and data protected. Your MSP can evaluate your business in light of current governing data privacy regulations and assist you in gaining — and maintaining — compliance for safety and for peace of mind.
And, without the need for an in-house IT staff, you may free up extra capital to invest in high-level technology that not only helps keep data more secure, but also assists in amplifying productivity, reducing system costs, and optimizing your IT infrastructure for a better return on investment.
Partner with Perry proTECH for Unparalleled Data Protection
Navigating the changeable waters of data privacy and protection regulations and compliance can be a difficult task, especially if your IT department is overworked, understaffed, or even nonexistent. But going without professional assistance in this area is unthinkable, as the repercussions of a data breach are far-reaching and costly, impacting your company’s reputation as well as your bottom line.
At Perry proTECH, we provide experts with deep knowledge of cybersecurity best practices, evolving threats, and compliance requirements to offer our clients a cost-effective alternative or complement to an in-house IT department. Our team can assess your current infrastructure against your compliance needs and goals and provide targeted strategies and technology to keep your data safe — and your business in compliance with the appropriate regulations.
Stay compliant with every-changing data privacy rules and regulations. Contact a Perry proTECH consultant and discuss the many ways our Managed IT programs can help your company protect your sensitive and valuable information.