Posted by Scott Barlow, Reflexion Networks
Intensifying concerns about data privacy are driving a broad range of governmental regulations that impose a new spectrum of requirements for businesses. Requirements vary by industry segment, such as healthcare and financial services, and even by location, as state legislation becomes more common. For example, all U.S. states with the exception of Alabama, Kentucky, New Mexico, and South Dakota have privacy and data breach notification laws; healthcare organizations are subject to HIPAA; brokerage firms must comply with FINRA; SOX affects all publicly-traded companies in the U.S.; and all financial institutions, such as banks, insurance companies, securities firms, consumer finance companies, and investment advisors must comply with GLBA — just to mention a few.
Intensifying concerns about data privacy are driving a broad range of governmental regulations that impose a new spectrum of requirements for businesses. Requirements vary by industry segment, such as healthcare and financial services, and even by location, as state legislation becomes more common. For example, all U.S. states with the exception of Alabama, Kentucky, New Mexico, and South Dakota have privacy and data breach notification laws; healthcare organizations are subject to HIPAA; brokerage firms must comply with FINRA; SOX affects all publicly-traded companies in the U.S.; and all financial institutions, such as banks, insurance companies, securities firms, consumer finance companies, and investment advisors must comply with GLBA — just to mention a few.
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