The reliance on digitally stored information continues to grow and now dominates society in the 21st Century. The use of the Internet for business and information exchange shows no signs of slowing down or returning to the good old days of cash transactions handled through physical contact. Social media has become an intrinsic part of the lives of many individuals which is evident by the panic that sets in when a smartphone is misplaced or runs out of power unexpectedly.
On one level, the unparalleled convenience afforded by e-commerce and electronic communication is very attractive to a majority of the population. But from the beginning of the digital age, there have been concerns that revolve around the privacy of personal and sensitive information. The apprehension over how society’s collected data is used has spawned governmental regulations that purport to protect the rights of individuals to control access over their personal and sensitive information. Businesses need to comply with these regulations.
Read the 9-page whitepaper “How to Handle the Complexities of Regulatory Compliance” to learn about the reasons why data privacy is important, regulatory agencies taking action, protecting private data, responding with regulatory compliance management, the cost of non-compliance, and how complex regulatory compliance demands sophisticated tools.