It doesn’t matter which industry you work in. There will be some regulations regarding data privacy and confidentiality that apply to you. Some industries such as the healthcare, financial and legal industries have a large number of regulations that they have to adhere to, but it is important to be aware of what could affect your business.
Below is a list of some of the most important ones:
PCI DSS Compliance
Any company that processes credit cards must comply with the PCI Security Standards, ensuring that credit card information is kept securely, properly destroyed when no longer needed, and not exchanged via unsecure methods such as unencrypted email or FTP.
Health Insurance Portability and Accountability Act (HIPAA)
HIPAA offers protection for millions of American workers by improving portability and continuity of health insurance coverage. It requires US health care providers to have technical safeguards in place to protect personal health records, including audit controls, integrity controls and transmission security.
EU Data Protection Directive
This directive protects personal data in the EU and requires companies to take technical and organizational measures to protect personal data against accidental or unlawful destruction and accidental loss.
UK Data Protection Act
Based on the EU Data Protection Directive, this Act requires UK companies to take measures to prevent unauthorized processing of personal data and protect against accidental loss or destruction of personal data.
This federal law applies to U.S. public companies and includes disclosure regulations, auditing requirements and corporate responsibility measures. It also requires public companies to keep financial reporting information secure when it is transferred between destinations.
Gramm–Leach–Bliley Act (GLBA)
Applying to the US financial industry, the Act includes safeguard rules requiring financial institutions to protect clients’ personal information so it does not enter the public sphere.