In our digitizing world, think about how much we rely on cybersecurity. Businesses everywhere not only gather, process, and store an unprecedented amount of data but also depend heavily on cybersecurity infrastructure for service success. An attack on this infrastructure could threaten customer data (a business’s bottom line) and ultimately threaten a business’s operations for an indefinite future.
Because cybersecurity services are as important as ever, we’ve created this guide to walk you through its role in data privacy and compliance, why these compliance regulations exist, and how a good cybersecurity strategy will help you achieve compliance.
How Data Privacy and Compliance Work
Your business has data: data on your customers, data on your employees, data on your products and services, data on your insurance, payroll, and finances. Some of this data is highly sensitive and shouldn’t end up in the wrong hands. The challenge is that many businesses not specializing in cybersecurity might not fully grasp how to protect this data.
This is where government regulations step in, setting clear rules—or compliance guidelines—that businesses must follow to keep sensitive data secure. These rules focus primarily on Personally Identifiable Information (PII), like birth dates, social security numbers, and bank account details. Regulations like HIPAA, PCI compliance, and the Gramm-Leech-Bliley Act were created to protect PII, with penalties imposed for non-compliance.
These regulations offer a clear roadmap for data protection, outlining specific actions and measures businesses must implement to secure PII. They also ensure that businesses follow these guidelines by imposing penalties for non-compliance. As much of this information is digitally stored today, these compliance rules necessitate the integration of specified cybersecurity protocols.
The primary aim of these regulations is not to protect businesses’ confidential information but to protect the PII that businesses hold about individuals and other businesses. This is because the ownership of this data does not rest with the organization storing it. However, cybersecurity measures adopted to protect PII can simultaneously provide robust protection for the business’s confidential information, too.
How Cybersecurity Helps Data Privacy and Compliance
A good cybersecurity strategy can help you get to compliance by protecting your data in several ways.
A properly managed next-generation firewall can help prevent malicious actors from infiltrating your network from the outside. Penetration testing can validate that this measure is working as intended.
Enabling multi-factor authentication can protect your data by confirming that your organization approves the person requesting access to your systems and software by verifying them beyond their standard log-in credentials.
Training your employees to recognize potential threats and malicious efforts to gain access to your systems can help prevent phishing and impersonation attacks from being successful.
Managed Endpoint Detection and Response (MDR & EDR) can detect known malware and viruses and react accordingly to unusual or unauthorized activity to remediate the threat when discovered on the network.
Employing Zero-Trust policies can prevent bad actors from removing data from your network by allowing only trusted people and applications to access the specific data they need without gaining access to broader network segments.
The policies needed to implement a good cybersecurity strategy will aid you in producing the documentation required to achieve compliance while helping to build company values and culture around data protection.
How To Secure Your Business’s Future? Get a Cybersecurity and Managed IT Support Company.
As cybersecurity continues to change, so too does the need for experts. You don’t have to take this on alone; TCI’s scalable cybersecurity support helps your business navigate all the complexities.
If your business needs help with a security & compliance assessment or just implementing an effective cybersecurity strategy, we’re here to help. Call us or Contact TCI today to learn more about what our cybersecurity practice can do for your business.