Today’s manufacturers face a complex and evolving landscape of cyber security and data privacy regulations. Managed effectively, manufacturing compliance can deliver a competitive advantage in addition to protecting sensitive data from unauthorized access and misuse. However, compliance can prove challenging for companies with limited resources and expertise. As manufacturing companies navigate the world of Industry 4.0, the amount of data they process grows exponentially. Data collected from customers, suppliers, and partners drives strategy and innovation. But it also presents an attractive target for cyber criminals. Manufacturers have a legal and ethical responsibility to carefully safeguard that data. Complex Regulatory Landscape
The public sector deals with a treasure trove of sensitive data, from social security numbers to payment information. Hackers know this and have increasingly turned their focus to local and state government agencies. Consequently, these organizations must implement data compliance best practices to safeguard personally identifiable information (PII) and avoid stiff penalties. For example, in 2016, dozens of Los Angeles County employees gave in to a phishing attack. As a result, hackers gained access to the personal data of nearly 800,000 people. Attackers can then sell personal information or use stolen credentials to access government systems or disrupt critical services.
For many organizations, the concept of information governance is intertwined with regulatory compliance. For instance, any organization that processes, stores, or transmits credit card data must demonstrate PCI compliance. However, when companies stop at checkbox information governance, they leave themselves at risk and never unlock the true power of their data assets. Most organizations publicly pronounce a commitment to compliance and data security. But underneath the hood, the story often looks a little different. For instance, a business may put policies and tools in place for the annual compliance audit and then gradually forget about them as the months go
Data offers the potential for immense power in driving decisions and informing business strategy. But without organization, data simply uses up space or, worse, inhibits business. Metadata management provides the key to harnessing the power of data. This increases productivity, promotes security and regulatory compliance, and expands data longevity. What is Metadata? In simple terms, metadata is information about data. In the same way that cards in a card catalog provide information about books in a library, metadata describes data in a file, web page or database. Through solid metadata management, organizations establish standards and processes around the process of
You may have missed National Grammar Day or Dr. Seuss’s birthday. But organizations need to pay attention to one key March holiday. As World Backup Day approaches, take the opportunity to implement data backup best practices. Your business may depend on it. Today’s backup technology, including Azure Backup and Site Recovery, removes the pain from the process. Benefits of Regular, Reliable Backups Consider the threats to vital data, from stolen laptops to ransomware or failed hard drives. Lost data can cripple businesses and even affect the delivery of healthcare and other vital human services. On the other hand, regular backups
2020 ups the privacy ante for businesses in the United States, with tough new privacy laws taking effect in California and New York. Small businesses may qualify for exemptions from specific regulations. However, the focus on information management brings an opportunity to harness key business benefits of data governance for SMB retailers. 1. Protect Valuable Assets Just two years ago, The Economist pronounced the world’s most valuable resource to be not oil, but data. In retail, data powers all aspects of the business, from sales and marketing to HR and customer service. When retail businesses treat data as an asset,
If HIPAA, GDPR, NIST, and CFAA have failed to confuse you, wait until CCPA and NYPA enter the scene. The alphabet soup of information privacy laws can feel like a minefield in the business landscape. And with technology evolving rapidly, data compliance challenges continue to increase in complexity. However, with careful planning, you can rise above these challenges. According to a 2018 report by the Ponemon Institute, the average cost of a data breach ranged from $2.2 million to $6.9 million. In addition to fines, businesses found non-compliant face lawsuits, remediation costs and audits. Perhaps more damaging, they stand to
Regulatory data compliance tips from Dena Kamel Over the years, data compliance has evolved into a complex process. From hospitals navigating HIPAA regulations to small businesses achieving Payment Card Industry (PCI) compliance, nearly all organizations have to address data regulations in some form. Penalties for noncompliance can include stiff fines and even jail time. Data compliance does not have to be a headache, and a three-pronged approach can smooth the way to ensuring that your organization meets industry regulations. Know the requirements for your industry, create a picture of the state of data in the organization, and then craft effective