Written by Devyaani
Technical Content Writer
Data governance requires organizations to protect their customers' or citizens' data privacy, and the non-compliance of the same can cost businesses dearly. It encompasses processes, technologies, and professionals required to manage data assets to ensure protection. Its framework is a guided structure of data rules, role designations, and strategies to meet compliance.
Data privacy compliance and management can be a challenge as privacy and security programs vary cross border and even from state to state. These regulations get thoroughly marked in various forms that mostly spell out what data needs to be protected, what processes should be accepted, and what imposed penalties should come into action if companies are non-compliant. There are many governmental and industry-based data privacy regulations that businesses must comply with to avoid roadblocks. It includes the following:
Canada's PIPEDA provides data privacy protection and privacy services. It regulates how private sector organizations collect, use, and disclose personal data. The implementation of the same occurred in three stages. The act regulates organizations to take appropriate measures for data protection. It adds that personal information presented be accurate, up-to-date, and complete.
It is a European Union (EU) regulation. It regulates data privacy and data protection that creates privacy rights for data subjects and personal data, reducing privacy risk. It impacts the collection, storage, and processing of personal data. Even though there are many rules within it, most of them can be defined in three basic principles – minimizing the hold on data, obtaining consent, and ensuring data subjects' rights.
The state law protects California residents' data, affecting most businesses that serve California consumers as customers. It puts small companies out of scope as it involves some medium to large organizations, depending on revenue. The CCPA regulations will protect more than $12 billion of personal information that is acquired every year for advertising purposes in California.
The GLBA protects consumer financial privacy and limits the disclosure of a consumer's "nonpublic personal information." It covers a broad range of financial institutions including many companies not traditionally considered financial institutions because they engage in certain economic activities. The law requires financial institutions to explain what activities they follow to share and protect their customer’s private information.
The privacy rules and standards for HIPAA include standards for individuals' data privacy rights. It understands and controls the use of health information and incident responses. The regulations discuss the use and disclosure of an individual’s health information by entities entitled to the Privacy Rule with the aim to facilitate better healthcare and protect the public’s well-being.
The ePrivacy Regulation is a law that complements and explains GDPR and provides detailed instructions on how to handle cookies, IoT based devices, email marketing and other digital marketing channels. The law is expected to be taken into effect not earlier than 2023 and will mostly affect businesses that deal with user data obtained through electronic data collection measures.
With the change in time, it has become essential to follow data privacy and security regulations. The management guidelines safeguard companies from paying hefty fines, increasing brand value, and earning their customers' trust. With numerous benefits, data privacy helps prevent breaches that harm entities and further prevent individuals' identity. Besides, it also strengthens business ethics, adds to the growth, and helps gain a competitive advantage. Learn more!
Royal Cyber’s team believes that privacy is not only a regulatory compliance issues, but also a strategic business consideration. Our belief that policies, standards, and guidance paperwork are non-negotiable is also our value, and that privacy risk and compliance must be actionable in nature and wholly induced in an organization’s operational procedures and departmental functions.
With all the considerations intact, our team has a program framework aimed to offer regulatory, operational, and reputational risk management for clients from different industries, projects cope, and security requirements.
Our framework is a starting point to cover risk tolerance, program scope, custom activities, and critical areas needing attention from higher level management and relevant stakeholders.
Today, businesses require more data that gets followed by many responsibilities. The data or information needs to come under a privacy program or framework to avoid privacy risks. Following are the tips approved by data protection teams and other professionals to ensure compliance.
Data security and privacy law initiatives indicate an accelerating change in the way organizations are recognizing the value of protecting data. While many enterprises have already started with their data protection strategies, others are yet to follow.
Data privacy services in data security can help you achieve data governance compliance by automating data privacy regulations. It requires structuring privacy and security programs and frameworks. Data privacy services also look after set deadlines for data requests and help companies better understand their customers.
Royal Cyber experts can help you assist with a comprehensive view to ensuring data quality and consistency that guarantees better decision-making strategies. We provide continued existence through risk management and optimization with our established rules of data use and compliance requirements that increase data value. What more? Our operation models help you to control the workflow better with less effort that provides flexibility and scalability.