Maze of Regulations Makes Compliance Challenging
Today’s enterprises operate in an increasingly complex regulatory environment. Lawmakers have intervened at every level.
Organizations may also be subject to industry-specific rules, such as the Health Insurance Portability and Accountability Act (HIPAA) and the Gramm-Leach-Bliley Act (GLBA) in the US.
- Intergovernmental, such as the EU’s GDPR
- National, such as Singapore’s Personal Data Protection Act (PDPA)
- US State, such as the California Consumer Privacy Act (CCPA)
Complexity Is Large and GrowingOver 100 countries have data protection and privacy legislation in place today. These laws are evolving via interpretation, guidance and amendments. Around 20 more countries have new laws in draft form. In the absence of federal regulations, US states are taking matters into their own hands. Many are mirroring CCPA, but many are deviating.
Arms Race of Fines and Damages
Most regulations on the books have defined monetary penalties. But proposed legislation keeps upping the ante by granting regulators increased authority to investigate suspected violations and breaches, and issue ever higher fines.
Leaders Solving for Today’s Knowns and Tomorrow’s Unknowns
Forward-thinking organizations are adopting a comprehensive privacy management platform that builds privacy into the foundation of their data strategy. A platform approach addresses the array of regulations applicable today and guards against increased quantity and diversity tomorrow.
- Remove data from regulation
- Preserve the aggregate value of data while meeting the right to be forgotten
- Centralize policy management to ensure consistency
- Automate controls to minimize manual circumvention
- Track and log enforcement and usage to demonstrate compliance
Not Losing Sight of Data UtilityIf it were about only compliance, achieving the objective might seem straightforward. But the purpose of collecting and managing customer data is to use it to gain valuable insights that support data driven decisions to fuel the business. The Privitar Data Privacy Platform enables today’s data leaders to safely use data within the constraints of regulations.
Ready to learn more?
Our team of data privacy experts are here to answer your questions and discuss how data privacy can fuel your business.