What Role Do Regulations Play in Data Privacy and Security?
Regulations play a critical role in ensuring data privacy and security. They set the standards for how businesses should handle and protect data. Some key regulations include:
GDPR: A comprehensive data protection regulation in the EU that imposes strict requirements on data handling and grants users significant rights over their data. CCPA: A state-level regulation in California that provides consumers with rights regarding their personal data and imposes obligations on businesses to protect it. HIPAA: A US law that mandates data privacy and security provisions for safeguarding medical information.
Compliance with these regulations is not only a legal obligation but also a critical component of risk management and corporate governance.