Cybersecurity Regulations: A Huge Burden or a Necessary Public Good?

Julie Butterfield November 7, 2023

Have you ever seen one of those old videos that shows a busy intersection with cars bumping into one another because there were no lights, signs, or protective measures in place?

By now we know that traffic regulations mitigate risk and contribute to uniformity and safety. And there are intrinsic rewards for conformance, such as not getting hit by another car—and avoiding fines.

Take this concept to cybersecurity, where in today’s cyber-regulated world, fines for violations can be hundreds of thousands or even millions of dollars.

Why are cybersecurity regulations important for society?
Adhering to cybersecurity regulations is crucial for society’s well-being for many reasons, including these top 5:

  1. Protection of Personal Data
    Cybersecurity regulations help safeguard individuals’ personal and sensitive information, such as financial data, healthcare records, and personal identities.
  2. National Security
    Cybersecurity regulations help protect critical infrastructure, government systems, and sensitive national security information, ensuring the stability and security of a country.
  3. Economic Stability
    Cyberattacks and data breaches can disrupt businesses and economic activities.
  4. Public Trust
    Trust is essential in the digital age. Cybersecurity regulations contribute to building and maintaining trust between individuals, businesses, and government entities.
  5. Reducing Cybercrime
    Adherence to regulations can help reduce the occurrence of cybercrimes, protecting individuals and organizations from financial and emotional harm.

 

Keep Your Business Healthy
Neglecting cybersecurity regulations can lead to severe consequences, including financial losses, legal trouble, reputational damage, competitive disadvantages, and threats to your business’ long-term sustainability.

360 Advanced’s 360CyberCompli can help you improve your security posture and give your business the future it deserves.