Having the ability to understand the data you have within your business (data discovery), and the types of data you’re accumulating (data classification) underpins every data privacy and security regulation.
Simply put – if you don’t know what data you have you can’t protect it.
Many companies believe that compliance is ticking a box on an audit form, yet in reality, data governance and regulatory compliance comes down to demonstrating how you tick the box. In other words, you must be able to define the specific processes, tools and measures you have in place to meet specific requirements.
Every business is obligated to protect its data and manage its data privacy risk.
The reality is that no matter what industry you operate in, your business must align to specific data protection and compliance requirements like the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry (PCI) security council standards, the U.S. Security Exchange Commission (SEC) and more.
Regulators take data privacy seriously
They continue to introduce new requirements to make sure businesses have the right measures in place to protect sensitive personal data from exploits and cyber-attacks.
The regulators that matter to your business vary depending on the type of products or services you offer, but odds are your company is expected to comply with multiple frameworks, regulations and acts.
Achieve compliance with reporting capabilities that align to global standards, as well as rule-based alerts that detect and track data movement across your business.