No matter what type of business you run or the services you provide to the community, chances are you must adhere to at least some compliance laws and regulatory requirements dictated by state or federal governments. Today, we want to make it abundantly clear that you must protect your business’ data to avoid inadvertently becoming subject to the massive fines associated with these laws.
In today’s interconnected world, an organization dedicated to fraud protection like the United States Federal Trade Commission is vital, especially when you consider how advanced digital technology has become and continues to grow. The FTC works to ensure consumer data stays protected by the businesses to which they entrust it. Let’s look at the Safeguards Rule and what your business should know about it.
You might think that adding additional security measures can only benefit your business, and this is true in most circumstances, save one: security exhaustion. If you don’t make it easy for your employees to adhere to your security policies, then you could inadvertently be making them perform slower than usual and your solutions could be getting in the way of their work.
To meet compliance requirements for technology an organization will need to understand the regulations they operate under. New entrepreneurs may find it startling when they realize that they have a lot more people/organizations to answer to than they thought. This week, we aren’t going to go through individual regulations, but how IT generally fits into compliance and how not staying up to date can cost your business dearly.
Regulations and compliance standards are in place for effectively every industry to uphold, many of which address cybersecurity in some way or another. Let’s talk for a moment about why compliance to these standards is of the utmost importance for your organization.
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