In the globalised era, the demand for the IT sector has massively increased in almost every sphere of human life. The whole information technology department for every sector being used is working on the basis of electronic data, which has significantly made life easier than it was in the past. However, due to the involvement of the electronic data in the businesses there is a threat to the confidential and paramount information from being stolen or misused by the erroneous activists. Therefore, it was certainly crucial to protect the data by following some proactive approaches that lead to the sure protection of the data for the organizations.
Just because these untoward breaches of the data may lead to the bank account theft, sinking sales of the companies and so forth, the government and the related agencies have implemented several security rules and regulations in order to improvise the information security of the companies. IT compliance technically is nothing but a set of rules and regulations that a company has to abide in accordance with the given conditions.
We shall discuss a few renowned IT compliance regulations in brief to have a fair idea about each of them:
- GDPR
The GDPR is the IT regulation known as the General Data Protection Regulation that was being adopted by the European parliament in April 2016. The GDPR demands the organizations working within the EU member states to preserve the personal and confidential data of the EU citizens from being breached by the erroneous hands.
- HIPAA
HIPAA is the Health Insurance Portability and Accountability Act, which is a type of regulation for setting the standards for the data protection of sensitive patients. There are companies that are dealing with the PHI (protected health information) are required to possess a physical network along with the security measure that must be followed in order to meet the HIPAA compliance.
- PCI-DSS
This regulation is known as the Payment Card Industry Data Security Standard which is nothing but a set of standards established by the companies such as Visa, MasterCard, American Express and so on which enhances the overall data security. This compliance is generally followed in order to secure the credit card and the debit card transactions against the theft and fraudulent activities of the consumer’s data.
- SOX Act
The Sox act is also known as the Sarbanes-Oxley Act which was implemented in the year 2002. The main objective of this act is to establish the set of rules for the businesses and the organizations to refrain them from being imposing erroneous policies and fraudulent on the general public. The SOX act implies to every trade organization and the foreign companies that are being regulated within the states. However, the charities and the non-governmental organization are not necessarily required to comply with all of the set terms of the act. The regulations of the SOX act requires formal and the communication of the data security measures along with the implementation of a promising data security strategy in order to secure all the financial data is used and stored during the general company operations.