It’s often said that cybersecurity is hard. Anyone who has ever worked their way through the SANS Critical Controls, PCI-DSS or even something deceptively minimalist as the OWASP Top 10 knows that success in achieving these security initiatives requires time-consuming, diligent and often a multi-team effort.
Data privacy has been a hot topic in the tech world for years now. With every new technology come new regulations that require companies to completely re-examine the way they handle private data. Most companies already have a basic data privacy policy they constructed alongside lawyers and tech experts to avoid facing serious fines and penalties. However, compliance isn’t just about focusing on current regulations and meeting the bare minimum requirement to avoid legal consequences.
Most large-scale entities need to prove compliance with multiple regulatory standards. In their efforts to meet their compliance mandates, organizations could suffer a major drain on their time and resources. This possibility holds true regardless of whether they’re finance companies, retailers, manufacturers or hospitality firms. Organizations face an additional obstacle when they have an internally created compliance standard that demands enforcement.
If I were to ask you why you scanned for compliance at your company, I’d bet you’d tell me it was to help you pass requirements easier, to ensure that your audits are good on the first pass and so that you could troubleshoot technical issues with another process. You didn’t know about that last one? Wait, are you telling me you don’t know about the hidden benefits of compliance that you’re getting? Let’s talk.
And so it continues. Last month, Virginia passed its own privacy law, the Virginia Consumer Data Protection Act (VCDPA), adding fuel to the fire over a US federal privacy law, and introducing new complexities for businesses operating in or addressing the US market. It will take effect on January 1, 2023 (the same day as California’s CPRA which amends the current CCPA) and was passed in record-breaking time: less than two months, and by an overwhelming majority.
