Difference between Contractual and Regulated Private Data

Contractual private data is governed by agreements or contracts between parties. It is primarily defined by the terms and conditions outlined in legal agreements and contracts. The protection and use of contractual private data are determined by the specific contractual obligations agreed upon by the parties involved. The Payment Card Industry Data Security Standard (PCI-DSS) is an example of contractual private data. It is a set of security standards designed to ensure that companies that accept, process, store, or transmit credit card information maintain a secure environment. PCI-DSS is contractual in nature because it is imposed by payment card issuers such as Mastercard, Visa, and Amex, through contracts with merchants.

Regulated private data is governed by external laws and regulations imposed by governmental or industry authorities. Compliance is mandatory, and the legal framework sets the standards for the protection...