Defining data compliance

Data compliance is a term that is used to refer to any laws and regulations that a business must follow to ensure that it adequately protects the digital assets at its disposal. In most cases, these regulations seek to protect and govern how personally identifiable information is handled, as well as financial information. Any business that handles personally identifiable information, as well as financial information relating to its clients, needs to follow certain regulations that have been created to protect these users from the theft, loss, and misuse of their information.

The regulations that businesses need to follow come in various forms and jurisdictions. They may be state, federal, or industry standards. In some cases, the laws may be supra-national and apply to citizens of a given region, regardless of where these citizens reside. For instance, the GDPR is supra-national and protects European Union (EU) citizens wherever they are. It applies to...