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Privacy: Laws Play Catch-up with Online World

Companies suffering from a breach of sensitive data or mishandling customer information are becoming commonplace and because of this, online privacy is a central issue for businesses in every industry. Policymakers around the globe have begun introducing new privacy laws and have become stricter about those already on the books. The rules differ widely from country to country, with varying degrees of enforcement, making it difficult for businesses to organize compliance, especially those operating in multinational markets. Proactively protecting privacy is crucial to a business’s success and security and RSA (The Security Division of EMC), lists three key steps to securing data: 1) taking an inventory of what needs to be secured; 2) secure this information through access controls, encryption, etc.; 3) make sure there is ample documentation of the security systems in place, known as “governance risk and compliance.”

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