Tag: Regulatory Compliance
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Coast Capital Savings Credit Union: Meeting Canadian Regulatory Standards for Compliance with Protegrity
One of Canada’s largest credit unions, Coast Capital Savings Credit Union (CSS), with over 50 branches across the country, needed to protect critical PII data stored in their AWS cloud environments, Amazon Redshift, AWS EMR, and AWS S3. CSS had to meet Canadian regulatory standards for compliance in 2021, including the Personal Information Electronic Documents…
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2023 DATA PRIVACY LAWS YOU NEED TO KNOW: CROSS-BORDER AND BEYOND
INTERNATIONAL DATA PRIVACY REGULATIONS In 2023, an estimated five quintillion bytes of data will be created daily. While this data revolution is exciting, it also raises questions about data privacy. In response to that challenge, more regions, localities, and countries will implement additional data privacy laws in the coming years to ensure the safety of…
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ACH vs. Nacha: What You Need to Know
If you work in a financial organization that operates in the US, you’ll have heard the phrases Nacha and ACH. Together, these entities affect many of the transactions you’re responsible for — and dictate how, why, and when your business accesses sensitive data. But, what exactly are they? And, what’s the difference between the two?…
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PRIVACY REGULATIONS ARE EVOLVING, AND BUSINESSES MUST RESPOND
We’re venturing into new territory on the data-regulation front. Not only are more countries and U.S. states enacting regulations, the scope of protection is growing. By 2023, Gartner predicts that 65 percent of the world’s population will have its personal data covered under modern privacy regulations, up 10 percent from 2020. All of this is…
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SEVEN CRITICAL TOOLS FOR BOOSTING DATA PROTECTION AND INNOVATION
The winds of change are gusting through the business world. More than a dozen state governments are crafting data compliance legislation, while Virginia recently passed a data privacy law mostly similar to California’s Consumer Privacy Act. This legislative flurry adds to a long list of established regulations such as GDPR, HIPAA, PCI DSS, and Sarbanes-Oxley.…
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IT’S SCAMMER TIME! SIX TIPS TO KEEP YOUR DATA SAFE DURING TAX SEASON
What do financial scammers have in common with florists? Turns out, they both have busy seasons. For florists, it’s February 14th. For scammers, it’s April 15th (and, this year, May 15). Scammers exploit tax season because of its heightened urgency over financial compliance, which primes people to fall for hoaxes and phishing attacks and surrender…