What kinds of companies are at risk for cyber liability or privacy violations?
Any business that uses a computer or network, uses e-mail, or has access to the Internet is at risk. If you hold client information on your network, or retain private employee information, your risk increases dramatically. Customers who rely on a business’s network, or who have information residing on another business’s network, can inherit exposure, as well. What legislation and/or regulations could companies be subject to? Among the federal laws and regulations is the Grams–Leach–Bliley Act, which protects consumers’ financial information and how it is used by and protected by financial institutions. The Health Information Privacy Accountability Act (HIPAA) establishes requirements to protect individual health information. Payment Card Industry Data Security Standard PCI DSS establishes worldwide security standards in protecting customer account information. The Federal Trade Commission Act, Sarbanes-Oxley Act, The Fair and Accurate Credit Transactions Act, Red Flag Provisions and st
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