Security Considerations - 5.1
Summary
Security considerations encompass regulatory compliance (e.g., SOX, HIPAA), legal obligations (e.g., reporting breaches), industry-specific standards (e.g., NERC-CIP, PCI DSS), and geographical requirements (e.g., CCPA, GDPR) to ensure data protection and security across various sectors and regions.
Notes:
Regulatory
- Mandated policies that govern how data is stored, protected, and retained.
- Sarbanes-Oxley Act (SOX): Sets financial regulations for publicly traded companies, ensuring proper financial reporting and protecting investors from fraudulent activities.
- Health Insurance Portability and Accountability Act (HIPAA): Establishes national standards for the protection of medical records and other personal health information in the healthcare industry.
Legal
- Legal obligations include reporting illegal activities, disclosing data breaches, and complying with laws regarding data privacy and security (e.g., GDPR, CCPA).
Industry
- Certain industries require specialized security measures. For example:
- Utilities: Security of critical infrastructure like power grids and water systems requires specialized standards such as NERC-CIP.
- Medical: HIPAA compliance for protecting health information.
- Financial: SEC regulations, PCI DSS for payment card data protection.
Geographical
- Local/Regional: City or state-level regulations (e.g., California Consumer Privacy Act - CCPA).
- National: Federal laws like GDPR (EU), HIPAA (US), or PIPEDA (Canada).
- Global: Compliance with multinational regulations for global organizations operating across different jurisdictions.