Some Cybersecurity Laws and Regulations you May have to Comply with
by Vertek Labs
When it comes to your business, there are a lot of laws and regulations that you may have to follow, especially when it comes to cybersecurity. In a constantly changing digital landscape, the government must maintain laws and regulations that are changing with it.
Some of the U.S. 2023 Laws and Regulations:
- The Health Insurance Portability and Accountability Act (HIPAA):A federal law that protects patients’ information. Most people know that HIPAA involves doctors and nurses not being able to talk about patients, but HIPAA also covers the cybersecurity of businesses. If there was a data breach at a hospital or business that handles patient information and this information got leaked, that would be a violation of HIPAA. Everyone may know about HIPAA, but there are other regulations that protect the privacy of patients’ health as well.
- FDA: Regulations for the Use of Electronic Records in Clinical Investigations: This is a regulation by the FDA that covers the use of electronic records in clinical investigations. It applies to organizations involved in clinical investigations and covers the confidentiality, integrity, and availability of patients’ electronic records. Protection of a person’s privacy is essential, but it shouldn’t only cover the protection of your health. There are also laws and regulations that protect your financial well-being as well.
- The Gramm-Leach-Biley Act (GLBA): GLBA is a law that regulates the protection of financial information. It covers the handling and collecting finances, such as safeguarding sensitive data. But what about the protection of your credit card information? Thankfully, there are laws that businesses have to comply with for that as well.
- The Payment Card Industry Data Security Standards (PCI DSS):PCI DSS is a law that regulates consumers’ credit card data. Businesses must comply with the PCI DSS regulations. Although these two laws cover personal protection regarding your finances, financial companies must also have cybersecurity regulations for when a cybersecurity breach does happen.
- Cybersecurity disclosures: The Securities and Exchange Commission or SEC recently passed legislation that regulates cybersecurity disclosures within the financial industry. But what would happen if a financial business, or any business for that matter, got a cybersecurity breach? Well, thankfully, the Consumer Privacy Protection Act of 2017 has got that covered!
- Consumer Privacy Protection Act of 2017: This act ensures that personal information is protected and secured, and if there is a security breach, organizations notify the people who could be affected. Although it’s essential to have a heads-up, if a cybersecurity breach does occur, there should be standards on how cybersecurity is approached within an organization. At least for governmental agencies, this is where NIST 800-53 comes in.
- NIST 800-53: This is a standard on how governmental agencies should approach cybersecurity.
The first service offered is the Virtual Compliance Officer Service. With Virtual Compliance Officer, our services include working with your employees to identify and manage the regulatory risk of data processed, stored, or transmitted in their technology platforms and physical form. The Virtual Compliance Officer will help ensure your organization has internal controls that adequately measure and manage the risks.
The second service offered is the Policy Compliance Service. With Policy Compliance, our services include reviewing and developing policies for the organization’s specified regulatory risks or compliance frameworks. Policy Compliance Service aims to determine if the organization has identified specific regulatory risks or target frameworks for compliance objectives.
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