Cyber-criminals are getting ever smarter at hacking into IT systems and stealing sensitive data. As data breaches increase and online fraud grows, so does the importance of complying with local, national, and international regulations on data security and privacy.
Every organization, whether a for-profit business, non-profit association or government agency, must ensure that its data is handled according to the law – both internally and when the data is shared with third-party providers.
Data Privacy and Security Laws are Multiplying
Cybercrime and data theft have increased substantially over the past few years, as have government efforts to protect data with tighter privacy and security laws. Risk Based Security’s Cyber Risk Analytics 2019 MidYear QuickView Data Breach Report counted 3,813 data breaches during the first half of 2019, which exposed more than 4.1 billion records including birthdates, bank account information, and social security numbers. That number is 54% higher than 2018’s mid-year count – and it only includes publicly-reported break-ins.
The response to this was to implement regulations, governing how organizations protect sensitive data. The most…
