Compliance Directives: Are You Meeting the Standards?


By TechAikido

Are you compliant with major compliance directives?

In the realm of technology, compliance isn't just a box to check off on a to-do list. It's a fundamental element that underlines trust in your organization. Complying with the major directives not only safeguards your organization from legal complications but also enhances your reputation among stakeholders. Let's delve into a few key compliance directives you should be aware of.

General Data Protection Regulation (GDPR)

This European Union law sets a global standard for privacy and data protection. It regulates how companies manage, use, and protect EU citizens' data, offering individuals more control over their personal information. GDPR non-compliance can lead to hefty fines, which can be as much as 4% of your global turnover or €20 million, whichever is higher.

California Consumer Privacy Act (CCPA)

The CCPA, which took effect in 2020, is a state statute intended to enhance privacy rights and consumer protection for residents of California, United States. It imposes obligations on how businesses around the world collect, use, and share California consumers' personal data.

System and Organization Controls (SOC)

SOC reports are an essential component of your enterprise risk management. They verify the security of a service organization's system and the suitability of the design and operating effectiveness of its controls. SOC compliance is a must for tech companies handling large amounts of customer data.

Payment Card Industry Data Security Standard (PCI DSS)

If your business deals with card payments, being PCI DSS compliant is a must. It sets the operational and technical requirements for organizations accepting or processing payment transactions to prevent credit card fraud.

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While it may seem like a daunting task to comply with all these directives, failure to do so can lead to substantial financial penalties and damage to your company's reputation.

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Compliance with these directives is about more than just avoiding fines; it's about demonstrating to your customers, partners, and stakeholders that you take your responsibility seriously. If you are unsure about your compliance status or need assistance to meet these directives, our tech consultancy firm is here to help.

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