Everything You Need to Know About Cybersecurity Regulations in the U.S
Does your business comply with U.S. cybersecurity laws and regulations? Learn more about what these regulations are and how to comply with them here.
In recent years, cybersecurity concerns have come to the forefront of the IT world. With huge amounts of sensitive data being stored online and in on-premise work sites, it’s no wonder that protecting it has become a full-time occupation for many managed IT services specialists.
For the businesses that experience them, the impact and cost of serious cybersecurity breaches cannot be understated. Still, it’s also the customers, clients, and other patrons who lose out the most when their personal information is stolen or compromised.
For this reason, many national governments have imposed strict cybersecurity laws and regulations on the businesses within their countries. These are mostly meant to protect consumers, but they can also do a great deal of good for the businesses themselves.
Below, we’ll take a look at the United States and what cybersecurity laws and regulations exist here to protect both consumers and businesses.
What Cybersecurity Laws Exist in the U.S.?
According to Nathan Maxwell of Communication Concepts, Inc.:
“The [U.S.] has very few laws specifically targeting general business cybersecurity practices. While that statement can make it sound like this creates a laid-back environment, much the opposite is the case.
While targeted cybersecurity laws are few, industry-specific laws exist beyond measure. These rules create frameworks of policies and procedures that vary from industry to industry. A loan officer has a large set of rules to follow, just like a medical professional. While there is overlap in these rule sets, they are two distinctly different compliance frameworks.”
In other words, you’ll be hard-pressed to find an industry that doesn’t comprise numerous compliance laws that businesses must follow. This especially goes for the healthcare industry, but you’ll find the same thing in transportation, finance, education, and other commercial and public areas. Naturally, the government has numerous privacy laws as well, which can usually be narrowed down to cyber-related regulations.
Cybersecurity Compliance in Europe
In Europe, the story is much different. Unlike the United States, Europe has a strong cybersecurity compliance framework that any organization or business must follow if they plan to conduct business dealings there. For example, if a credit card company based in the United States offers credit services to citizens of Europe, they must abide by the European standards. Says Maxwell:
“One of the most challenging legal issues for organizations right now are privacy laws in Europe. U.S. companies are wrestling with how to comply, to what length they must go to in seeking compliance, and how to protect assets in case they are found in breach of compliance.”
Therefore, if your company operates in Europe, it is wise to speak with your IT specialist to be sure of what compliance codes you must abide by. This often means investing in specific types of cybersecurity.
State Cybersecurity Within the United States
Although the country as a whole does not have many security standards in place for commerce, it might have them soon. This is largely because states are stepping up their cybersecurity standards game. Maxwell states that “State governments have started looking at passing their own version of comprehensive privacy laws.”
Unfortunately, “This will create a legal mine-field for organizations.” In the end, we believe this will cause the federal government to have to intervene and create national cybersecurity standards that unify the responsibilities of independent companies — more like the current setup across the European Union.
Making Cybersecurity Compliance an Ongoing Priority at Your Business
Naturally, it’s important to do everything possible to protect your own business from cybersecurity attacks — including working with an IT consulting specialist to obtain the right firewalls, malware protection, and ransomware training. But remember that it’s also essential to also be in compliance with cybersecurity regulations in your country. In the United States, that means following the rules and regulations listed above as well as staying in compliance with your specific industry’s standards.
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