What are legislators and regulators concerned about?
Legislators and regulators primarily concerned with three interconnected areas: security, data privacy, and transparency and control. These concerns are shaping current regulations, especially as our dependency on the digital world grows larger every day.
Security
With great power comes great responsibility is not just a phrase from the Spider-Man comic books. Think of it this way: the larger the potential blast radius a hack can have, the larger the responsibility to prevent it.
When a business gets hacked, it doesn’t simply cause an accounting issue. A hack can impact its customers, its partners, its affiliates, and even its financial sector. Let’s look at an example of this: the ransomware hack that disabled Change Healthcare.1
Change Healthcare reportedly processed one-third of health insurance...
