The fact is companies need to aim higher than just baseline compliance.
Let’s explore why this is true and then dig into things companies can do to set their data security posture bar higher.There are many reasons that companies should strive to implement security measures that exceed current compliance laws, but three are most prevalent:Governments and industries are using privacy protection regulations as a way to ensure that their consumers’ rights are preserved, and those rules will evolve.
By instituting the most stringent security practices possible, companies will be prepared for stronger laws. Such a forward-looking strategy will reduce the amount of time and money spent revising protocols and leave the company better prepared with each new regulation or update.Without a unifying national law, companies have to comply with a mosaic of individual state laws and industry regulations. And each law is nuanced—some are more consumer-friendly while others favor business needs.
Striving to protect data above and beyond compliance requirements can minimize the possibility of accruing fines, but it can also serve as a market differentiator that companies can use to their advantage when keeping customers and attracting prospects.Implementing best-in-class data security measures is worth the upfront investment. Addressing noncompliance on the back end can be extremely challenging, costly and time-consuming.
This also requires ensuring that copies of data are limited. For example, think of critical data lingering on an employee’s desktop instead of being securely eliminated.Companies looking to maintain a data security posture beyond compliance requirements should also invest in regular training so employees understand expectations and have the background to use data accordingly.
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