Data security compliance is defined as 'the standards and regulations that govern how companies and government organizations keep data secure, private, and safe from breaches or damage' (Devane, 2021). Protection of data in businesses is crucial to prevent hacking attempts or breaches. If not for compliance, banks would be receiving fines and prohibition to keep running.
Kanishk Tagade identified different types of data security compliance which are important to know in order to protect business information: the Payment Card Industry Data Security Standard (PCI-DSS), Health Insurance Portability and Accountability Act (HIPAA), System and Organization Controls (SOC), International Organization for Standardization’s (ISO 27001), and General Data Protection Regulation (GDPR). Data breaches may happen anytime but with data security compliance, it is ensured that the risk of non-compliance is curbed and have a strong cybersecurity infrastructure.
TCFS & Associates offers HIPAA service to our valued clients. If you are interested, contact us and we can help your business be cybersecure and implement strict compliance with data protection and regulatory standards.
Link to Kanish Tagade's article to read more about Data Security Compliance: