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Impact of Privacy Laws and Cybersecurity Compliance On Data Security

In the current technologically advanced world, where data has become a new currency, protecting its privacy and securing it from the cusp of criminals are two very important tasks. As companies become increasingly dependent on the digital landscape for conducting their business, they have to follow various regulations and compliance requirements. Following these regulations determines the success or failure of the venture, as violation

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Impact of Privacy Laws and Cybersecurity Compliance On Data Security

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  1. 7/15/24, 2:51 PM Impact of Privacy Laws and Cybersecurity Compliance On Data Security Impact of Privacy Laws and Cybersecurity Compliance On Data Security prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security Beginning Of Cybersecurity Laws and Compliance  In the current technologically advanced world, where data has become a new currency, protecting its privacy and securing it from the cusp of criminals are two very important tasks. As companies become increasingly dependent on the digital landscape for conducting their business, they have to follow various regulations and https://prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security 1/5

  2. 7/15/24, 2:51 PM Impact of Privacy Laws and Cybersecurity Compliance On Data Security compliance requirements. Following these regulations determines the success or failure of the venture, as violation can result in heavy fines and irreparable reputational damage to the company. In this blog, we have covered the impacts of privacy laws and various cybersecurity compliances on data security measures and how good safety regulation services can boost your company’s productivity. Privacy Laws: Laws Which Strengthen Individualism  The laws that are implemented to protect personal data from being misused or used illegally are known as privacy laws. These laws, in principle, have been enacted to protect individual’s right to privacy and to ensure that every individual has a complete right over their personal data. There are two important laws we can discuss here to understand more about privacy laws; General Data Protection Regulations (GDPR) : The law is being enacted by the European Union (EU) and it has set stringent guidelines for the processing, collection, and storage of personal data. It has strict provisions requiring businesses to obtain the consent of individuals before using their personal information. Health Insurance Portability and Accountability Act(HIPAA) : HIPAA is an American law that is being implemented to maintain the confidentiality of one’s sensitive Protected Health Information(PHI). With time, this law evolved and expanded its privacy scope to provide better enforcement to the citizens. If your healthcare organization is planning to get HIPAA certified, you can contact us for Our hassle-free, no touch Compliance Audit and get yourself ready for a HIPAA certificate without waiting for months. Get in touch to know more. Cybersecurity Compliance: Standards For Ultimate Protection  Cybersecurity compliance expects your system’s adherence to certain standards, rules, and guidelines to protect your organization from potential threats, and cyber- attacks. It plays a vital role in; 1. Safeguarding your sensitive data from unauthorized usage, breaches, and thefts. 2. Protecting accessibility to your crucial system and information at the time of cyber attacks. 3. Strengthening your network’s security which minimizes the chance of cyber attacks and data breaches. https://prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security 2/5

  3. 7/15/24, 2:51 PM Impact of Privacy Laws and Cybersecurity Compliance On Data Security 4. Shaping the trust and confidence of your customers in your organization. 5. Managing compliance regulations and preventing unnecessary litigation penalties. To understand more of it, let’s check out two major compliance examples that perform the same role that we have discussed above; PCI DSS Compliance(Payment Card Industry's Data Security Standards) : An enterprise-wide comprehensive set of security standards developed for e-commerce business entities under the collaboration of major payment card companies to safeguard users from payment card frauds and to achieve uniformity in data security standards across industries. SOC 2 Compliance(Service Organization Control) : It is an auditing standard worldwide recognized by industries and was developed by the American Institute of Certified Public Accountants for examining service organizations’ security controls and protocols. You can manage your compliance with us without being worried about the last date of your audit’s term. Get Compliance Management Software customized by our developers according to your audit deadlines. Contact us to know more. Best Practices For Effective Implementation of Cybersecurity Compliance  1. Perform regular security audits to assess safety parameters and to address the vulnerabilities if they exist in the system. 2. Employ robust access control and authentication techniques to prevent all sorts of unlicensed access attempts. 3. Encryption of all kinds of data, whether being used or not in the system. 4. Develop and deploy integrated response action plans that can help you to respond and recover from a cyberattack. 5. Train your employees about cybersecurity awareness and protocols related to unwanted situations. 6. Upgrade your system and software regularly to avoid security faults. 7. Establish a highly responsive cyber security compliance policy and ensure it controls risks properly to secure your digital world. https://prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security 3/5

  4. 7/15/24, 2:51 PM Impact of Privacy Laws and Cybersecurity Compliance On Data Security Impacts of Non-Compliance: The Unwanted Consequences  Failure to adhere to the compliance guidelines can be dangerous for the security system of your network. It can result in multiple issues; 1. Operational Disruptions: A potential attack due to a weak security network can disturb your business system and its supply chain. This can eventually lead to manufacturing delays and loss of productivity and efficiency. 2. Reputational Damage: It can badly affect your brand’s reputation in the market and deplete consumer’s confidence in your services. 3. Intellectual Property Losses: Security lapse can cause loss and selling of your sensitive proprietary data to your rivals which can not be compensated with any amount. 4. Employee Morale: The stress of the security breach will reflect on every employee’s productivity and can cause uncertainty regarding future projects of your company. Our Service To Defend Your Privacy & Compliance In The Cyber Age  We as a group of IT professionals are very well aware of the requirement of implementing privacy laws and important cybersecurity compliance. That’s why Prilient provides a range of security solutions and services to assist ventures to protect their data and comply with safety guidelines. Our services include; Security Assessment Service :We perform a comprehensive assessment of your security framework to mitigate any potential hazard to your data and network. Employees Training: We empower your workforce and secure your company’s digital assets with our sincerely designed training programs strictly focused on eliminating all types of modern threats. Data Encryption Service : Quality encryption of your data whether in transit, at rest, or in use with advanced algorithms and effective encryption methodology. Incident Response Planning : Our cyber security experts will prepare and provide you with an integrated incident response plan to facilitate your business in emerging from a cyber attack. Compliance Audit : We offer a seamless compliance audit that gives you freedom from unnecessary engagement with the auditors. Our robust automation process reduces your usual audit time to half of its original value. https://prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security 4/5

  5. 7/15/24, 2:51 PM Impact of Privacy Laws and Cybersecurity Compliance On Data Security In A Nutshell: Let’s Standardize Your Security  When your business bids for high-value assignments, the value of safety compliance becomes imperative. It not only ensures your dedication towards data privacy standards but also affirms clients’ trust in your organization. With our partnership, you can get the right direction for maintaining compliance certificates and security regulations. This gives you the time and resources to do what you are best at, i.e. successfully running your business. Contact us and book a session with our experts to know more. Comment down if you have any questions or suggestions regarding the blog. https://prilient.com/blog/impact-of-privacy-laws-and-cybersecurity-compliance-on-data-security 5/5

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