1 / 9

All you should know about the Data Compliance

When you donu2019t have the encryptions over your useru2019s data or not Data Compliance, there can be a gap in having more engagement with your customers or clients and your business or company might have a great loss in terms of revenue and also reputations.

enov8
Télécharger la présentation

All you should know about the Data Compliance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. All you should know about the Data Compliance

  2. As per the General Data Protection Regulation (GDPR), every company or organization is mandated to comply with keeping the data security of their clients or customers encrypted and personalized. We are living in a world where cyber attacks or data breaching have become so frequent and unbeatable that having a strong security protocol is inevitable. • When you don’t have the encryptions over your user’s data or not Data Compliance, there can be a gap in having more engagement with your customers or clients and your business or company might have a great loss in terms of revenue and also reputations. • So, maintaining this policy should be made a priority at all costs and situations. By being compliant you are sticking with both the Industry and Government regulations and it is going to strive for your company or organization till the end. What is Data Compliance? Itis a stern regulation passed by the Industry, State, or internationally like the GDPR, where the Personal Identifiable Information or any other credentials of any users, clients, or customers are made mandatory for keeping it encrypted and guarded at all costs. And if any company or organization fails to comply with this regulation they will have to encounter charges, ranging from civil fines to criminal prosecutions.

  3. What are the different standards of Data Compliance? Excluding the GDPR, more Data Compliance standards need to be complied with, they are as follow:

  4. HIPAA: It is abbreviated as the Health Insurance Portability and Accountability Act of 1996. This Act ensures that all the Medical records or data of any individuals should be kept encrypted and personalized. When this protocol failed to meet by any organizations then, there can be a huge amount of fines imposed by the Government. • PCI DSS:Payment Card Industry Data Security Standard (PCI DSS) is also one of the important regulations which every company or organization should be compliant with. It deals with the financial information of all the customers. And as per this regulation all the credentials of cardholders like the Credit card number, bank details, etc, are to be kept mask and encrypted. This policy is not a Government-mandated policy but, it is an Industry regulation which is needed to be taken as seriously as possible. Violating with this could cost a huge fine for any company or organization. • SOX: Sarbanes-Oxley Act (SOX) was an initiation taken by the US Government in 2002 to have transparency in accounting in enterprises between the shareholder and the public. It tends to create a healthy relationship in the corporate disclosures as well.

  5. CCPA:The California consumer privacy Act is compliant to keep personal information (PI) encrypted. This does not apply to small businesses or startups. But, it applies to companies that make about $25 million of revenues per year. It is considered to be one of the most challenging regulations for large companies in California. How to keep your customer’s data protected?

  6. One of the most challenging issues that every company faces is the issues of a data breach. As per the IBM estimation, the loss of revenue due to the breach of data has gone to the extreme out of surprise. The majority of Americans are more anxious about its data security, rather than their revenue loss. So, here are some of the ways by which you can keep your customer’s data private and secure: 1. Stay updated with the Encryptions: As the technologies advance, even in the encryptions of data keeps upgrading in the present IT sectors. So, be smart and keep updating the encryption system to avoid any data breach in the future. 2. Leave no trace of the data: Sometimes having access to some of the customer’s data is necessary. But, you should always try to destroy the data whenever it is no more required. In this way, the chances of getting breached would be less.

  7. 3. Restrict access of customers’ data on to necessary person: There is no need of giving access to all the people in your organizations or companies about the credentials of the customers, as it can only increase the possibilities of a data breach. Make it very personal and secret, as it is all about the betterment of your customers and your reputations. 4. Minimal access to customer’s data: Collecting some data from the customers is inevitable. But, having minimal access to it should be the priority while accessing it. There is no advantage to collecting unnecessary data from your customers. It can only give your burden and can put your company at risk. So, try to keep it at the least I would suggest.

  8. Contact Us Company Name : Enov8 Contact Person : Ashley Hosking Address : Level 5, 14 Martin Place, Sydney, 2000, New South Wales, Australia Email : enov8australia@gmail.com Phone(s) : +61 2 8916 6391 Fax : +61 2 9437 4214 Website :- https://www.enov8.com

  9. Thank You

More Related