Protecting Data Privacy

Regulatory Requirements

There is no doubt that organizations need to adapt to changing regulations when it comes to data privacy. Based on where your company operates around the world, multiple regulatory requirements may apply such as GDPR, CCPA, HIPAA, PIPEDA, and others that require you to safeguard PII and PHI data. Moreover, enterprises are subject to heavy penalties and fines in the event an organization violates data privacy regulations.

Extensibility

IT organizations need to be able to leverage production data when testing during development in sandbox environments. Leveraging real world data accelerates how quickly new business processes can be accommodated in your IT stack and tested by end users using real world type data. However, companies need to remain compliant while leveraging production data to simulate real-world use cases. There cannot be a breach of trust and sharing of private data even in sandbox environments. A flexible and efficient way of working is required during development that avoids manual intervention such as manually create test datasets and importing that data every time your organization is developing in a sandbox.

Client Trust

End consumers and users need to know that their data is always safe with your organization. No one wants to learn about a data breach after the fact. These types of security events impacts the customer’s perception of their trust in a supplier – irrespective of whether they supplied a product or service. Software solutions must adhere to stringent protocols while applying the latest encryption technologies for data at rest and in transit to protect Personally Identifiable Information (PII).

Adherence to GDPR requirements

On May 25, 2018, the landmark privacy law called the General Data Protection Regulation (GDPR) replaced the patchwork of national data protection laws across the European Union for the past 20 years.

The GDPR expands the privacy rights of EU individuals and places new obligations on all organizations that market, track, or handle EU personal data. As companies are increasingly using data intelligence to understand and serve customers better, it’s critical that they are accountable for an individual’s rights to privacy and security.

Organizations need to respect their privacy by restricting what personal data they collect and process by safeguarding that data. Privacy obligations apply to any information, either by itself or used with other pieces of information, that could identify an individual person living in the European Union.

The GDPR has the potential to impact any business that collects data in or from Europe. Significant fines may be levied on organizations who fail to meet their obligations with respect to handling data under the GDPR.