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As privacy laws shift and evolve, business leaders are tasked with multi-layered compliance. Outsourcing to an IT expert allows leaders to focus on growth.
Complying with the myriad of U.S. privacy laws requires a Herculean effort on the part of business leaders. That’s primarily because there are wide-ranging state, federal, and international thresholds companies must meet. The methods use, and ways an organization manages sensitive data determines whether it grows its client bases or has state and federal agencies impose fines.
What strikes thought leaders across sectors is the hodgepodge approach the U.S. takes versus the EU. And keep in mind, we live and work in a global economy where other nations expect companies to meet their privacy protection guidelines as well. That’s mostly why many enterprises operate with a third-party managed IT firm with experience in privacy law compliance.
Over the last few years, American privacy policies started to trend toward unification. The California Consumer Privacy Act (CCPA) emerged as perhaps the most comprehensive set of guidelines. In many ways, it reflected what the EU enacted with its General Data Protection Regulation (GDPR).
Both sets of regulations grant substantial rights to individuals over their data. Both the EU and California also implemented onerous business accountability rules. Even simple missteps can result in excessive penalties.
At the federal level, the U.S. Department of Defense imposed updated and stringent cybersecurity guidelines through its Cybersecurity Maturity Model Certification (CMMC) rollout. That effort requires defense contractors and supply chain outfits to implement high-level cybersecurity protections and gain accreditation to work in the industry. Although the CMMC brings together a wide range of cybersecurity controls under one umbrella, the DoD is on version 0.7. Even though a universal approach may be trending, these and the following laundry list of privacy mandates remain ongoing challenges.
Congress has also passed laws that have privacy provisions engrained in them, such as the Fair Credit Reporting Act, among others. It’s not uncommon for companies to have footholds in multiple industries that trigger a variety of compliance and oversight. What compounds privacy and cybersecurity even further is that individual states routinely enact, update, and change privacy provisions.
The lack of consistency between state and federal laws makes doing business costly. To comply with wide-reaching federal laws, as well as state minutia, requires either doling out substantial resources or enlisting a third-party managed IT consultant. Consider, for a moment, the potential for civil fines that could result from the sheer ambiguity of these state laws.
When asked whether a company’s cybersecurity conforms with U.S. Privacy laws, the answer might be: Which ones?
Industry leaders can expect that the privacy law landscape will evolve, shift, and become increasingly complex. That’s why business leaders would be wise to consider contracting with a consultant. At ICS, our team of determined IT consultants manages privacy law and cybersecurity so you can focus on goal achievement. Visit ICS and schedule a consultation.