Regulatory Compliance 101: Laws, Requirements & Best Practices

Every day, our personal data is gathered and stored on electronic devices. From our sensitive financial information to our health records, everything gets stored on these devices. This makes the security of these devices an imperative step and that’s where regulatory compliance plays an instrumental role in ensuring that organizations from around the world are taking all the necessary steps to protect our data. Regulatory compliance has turned out to be a fundamental aspect of corporate governance.??

What is regulatory compliance??

Regulatory compliance is defined as the ability to meet the requirements of laws, regulations, guidelines, and specifications that apply to business processes. To organizations, particularly those that deal with sensitive information, compliance is not just a legal requirement but is the bedrock of doing business.?

Data protection is one of the most important areas of regulation that needs to be followed by all organizations with no scope for errors. With data breaches being on a rampant rise and cyber threats advancing at an unprecedented pace, legal frameworks like GDPR and HIPAA have created guidelines and necessary steps to ensure that an individual’s sensitive data always remains secure. Data protection regulations specify how data should be gathered, stored, processed, and used, to uphold the privacy of the individual.?

It is extremely important for organizations like yours to understand the relationship between regulation and data protection to reduce risks, avoid fines, and protect the company’s brand.

Additionally, regulatory compliance is essential for enhancing trust and maintaining a competitive advantage. Our blog will focus on what regulatory compliance is, the regulations that one should know, and how to not just meet compliance but consistently stay compliant.??

To learn more about regulatory compliance, visit Encryption Consulting