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Author: knovos

Taking Care of Business: Keeping Up with Data Privacy Regulations

Since adoption of the EU’s General Data Protection Regulation (GDPR) in 2016, government entities around the word have been proposing and implementing new data privacy measures with increasing frequency. In the U.S., several individual states are currently addressing the issue of citizens’ data privacy rights, with California and New York both recently approving new statewide regulations. Each of these directives imposes certain duties on businesses, significantly impacting the methods and processes used to manage information in their possession. For many corporations, such new data privacy rules and regulations will come at great financial and organizational expense.

In planning on how to prepare for and comply with these new regulations, it is critical to establish a proper framework that relies on a combination of people, process, and technology. Organizations should also consider why and how they are subject to regulation, and which laws will have unique impact on their business based on their industry. For example, healthcare and life sciences providers are heavily regulated in comparison with other industries.

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