When it comes to data security, it is expected for compliance regulations to evolve and change constantly. Another thing to worry about is the various acronyms introduced for regulatory standards. But even if it becomes difficult to understand all the acronyms, it is essential to stay compliant with industry and government regulations because failure to do so has dire repercussions.
Data use compliance—what is it?
Data use compliance pertains to the regulations and standards that control how government organizations and companies ensure that data is safe, private, and secure from damage or breaches. Primarily, this compliance refers to consumer data but can also cover financial records, employee data, and others.
A company becomes compliant when it has established ways to transmit, store, and manage data by following the regulations according to the relevant standards and laws.
Importance of compliance laws
Compliance laws are designed to protect businesses, employees, and consumers. The regulations are based on best practices in keeping data secure from leaks, destruction, theft, improper use, and breaches. Aside from following the laws, being compliant helps companies streamline their data management process to ensure the business remains profitable and effective. You can ensure that you stay compliant by using anecdotes ai compliance solution, a robust compliance management application.
Various compliance laws
Data use compliance involves following several regulatory compliance laws in the United States and other countries. The list you will find here is not exhaustive, but it will give you an idea of the most applicable and significant laws that will ensure you are compliant.
- The California Consumer Privacy Act applies to various organizations that earn about or more than $25 million or store around 50,000 individual data. It allows every California resident to see all their data a company in California or elsewhere has collected about them and all the third parties the particular company shared the consumer data with for various transactions. Its recent evolution is the CPRA or the California Privacy Rights Act.
- The Health Insurance Portability and Accountability Act (HIPAA) requires all healthcare providers to ensure that patients’ digital health information is kept secure, confidential, and available when transmitted or stored. Providers are also required to protect the patients’ records from improper use, security breaches, and threats.
- The Federal Information Security Management Act of 2002 applies to all federal agencies, their service providers, subcontractors, and other organizations that manage the IT systems of every federal agency.
- The General Data Protection Regulation of the European Union details the standards on how the personal data of all EU residents are processed by different organizations in the EU and other countries. In addition, the law covers the protection of personal data against destruction, damage, loss, processing, and unauthorized data collection.
There are several other compliance laws and frameworks, including:
- Sarbanes-Oxley Act of 2002 (SOX)
- Payment Card Industry Data Security Standard (PCI DSS)
- National Institute of Standards and Technology Special Publication 800-53 (NIST SP 800-53)
- NIST Cybersecurity Framework
- ISO 27000 Series
Data use compliance is critical if you want to protect your business, your consumers, and yourself. You can ensure compliance by identifying the type of data you store, developing a data compliance plan, doing regular data assessments, and using a tool that will automatically provide you with up-to-date compliance obligations.