In today’s data-driven world, privacy and security are at the forefront of consumers’ – and CIOs – minds.
Regulations like GDPR, PCI-DSS, Sarbanes-Oxley (SOX), and HIPAA lay out the measures that companies should have in place, in order to ensure proper data security and monitoring. Companies have a duty to comply with government and industry regulations – or face severe penalties.
Some of the major data security compliance regulations are:
GDPR (General Data Protection Regulations)
Now in effect for over two years, GDPR has disrupted data security. Any organisation, company or entity across the globe that process the personal data of individuals within the EU is impacted. The regulations were unprecedented, creating a data protection framework that is able to meet all the technological challenges of the modern age. Departments throughout the business having to pay attention to data protection, including IT, legal, marketing, customer service, and even HR.
CCPA (California Consumer Privacy
The CCPA came into effect as recently as January 2020, and is now the first consumer privacy act in place in the US. It provides California citizens with GDPR-like protection and data privacy rights against any entity.
PCI-DSS (the Payment Card Industry Data Security Standard)
PCI-DSS was created in 2004, to help prevent credit card fraud for any organisation worldwide that processes card payments. he standard enforces increased controls on data, and applies to every organisation that holds, processes, or passes credit card information.
SOX (the Sarbanes-Oxley Act)
Commonly known as SOX, the Sarbanes-Oxley Act is a US federal law relating to financial reporting. Enacted in 2002, the act is in place to protect investors. It puts stringent dated legislative audit requirements in place for corporations.
HIPAA (The Health Insurance Portability and Accountability Act)
HIPAA is a group of US regulations enacted in 1996 that apply to the healthcare industry. The regulations are in place to help combat waste, fraud, and abuse in health care delivery and health insurance. Part of the act (title II) addresses the security and privacy of health data.
Ensuring your IBM i is compliant with regulations
For business, financial and healthcare enterprises, across both public and private sectors, compliance with increasingly stringent regulations can present a significant challenge.
Organisations risk fines and even legislative action if they are found to be in breach of data security guidelines, and IT departments are under increasing pressure to ensure that they are maintaining compliance requirements.
Download the eBook from our partners Raz-Lee for an overview of the major regulations currently in place, and the security and monitoring measures that your business must implement, in order to comply.