Tagged: Compliance

  • Cybersecurity and Data Protection Laws: EU Healthcare Businesses

    Cybersecurity and Data Protection Laws: EU Healthcare Businesses

    Businesses operating in the European Union are subject to the strictest data protection regulation in the world, the General Data Protection Regulation (GDPR). Unlike the United States, the EU doesn’t have an industry-specific cybersecurity law for the healthcare sector. However, healthcare organizations are subject to a new cybersecurity law for businesses in essential industries, known…

  • Cybersecurity and Data Protection Laws: US Financial Services and Insurance Firms

    Cybersecurity and Data Protection Laws: US Financial Services and Insurance Firms

    Federal and state legislation say surprisingly little about how ordinary American businesses should manage their cybersecurity. However, financial services and insurance firms are not ordinary businesses. Because of their tendency to deal with sensitive personal data such as social security numbers, bank accounts and tax records, financial services and insurance firms are subject to a…

  • Cybersecurity and Data Protection Laws: US Healthcare Businesses

    Cybersecurity and Data Protection Laws: US Healthcare Businesses

    Ordinary American businesses are legally obligated to tell consumers when there has been a data breach but are not obligated to have cybersecurity protection in place. However, healthcare organizations are not ordinary businesses. Because they deal with protected health information (PHI), healthcare organizations are subject to special cybersecurity and data privacy rules pertaining only to…

  • The Many Costs of Cyber-Attacks on SMBs

    The Many Costs of Cyber-Attacks on SMBs

    How much money can your business afford to lose if it becomes the victim of a cyber-attack?  If you think this question will never apply to your business, then think again. Twenty-three percent of small businesses and 43% of businesses overall were targeted by cyber-attacks in 2020, according to a study commissioned by specialist insurer Hiscox of businesses in the United States and seven other countries.  The average financial cost of cyber-attacks…

  • 7 Challenges That Stand in the Way of Your Compliance Efforts

    7 Challenges That Stand in the Way of Your Compliance Efforts

    Ensuring cybersecurity compliance can be cumbersome (and a pain), but if you don’t do it, it can literally cost you your business. There are hundreds of controls, and numerous requirements imposed by multiple regulatory bodies and private industry groups. What’s more, organizations with global operations must face the additional and major challenge of having to…

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