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What does Regulatory Compliance mean?
Government and industry regulations are arguably the biggest influencers to organizational directives to provide data security. Federal regulations include Sarbanes-Oxley for publicly traded organizations, the Gramm-Leach-Bliley Act (GLBA) for the financial sector, and the Health Insurance Portability and Accountability Act (HIPAA) for health care organizations, mandate the security of private or confidential information. More than 25 states have passed data privacy and/or breach notification laws that require organizations to notify consumers when their information may have been exposed.
The most high profile of these state laws is California’s SB1386, which set the precedent for breach notification regulations. In addition to the federal and state regulations, specific industries such as the credit card industry have enacted data protection regulations such as the PCI (Payment Card Industry) Data Security Standards.
Information leaks are not solely relegated to organizations with customer data or regulatory requirements; many non-regulated companies share a need to secure sensitive data. Intellectual Property (IP), M&A plans, and other critical assets are strategic to many organizations’ success and competitive advantage. These organizations are as concerned about leaks (both external and internal) as regulated companies because of the strategic nature of the information they manage and the frequency with which they fall victim to leaks.
Buy functionality, not products
With the groundbreaking infrastructure of the Simple Encryption Platform, you no longer buy a product - you buy functionality. A tailored solution to cover your needs, not the needs of the supplier. Read more about modular functionality