Legislation and guidance can differ or even overlap, depending on where a business is operating. An organisation operating across multiple jurisdictions will have some of the most stringent and the most varied regulations to comply with – not least in the US which has a fragmented approach involving Federal and State laws.
This inconsistency means businesses have to navigate complex regulation and tailor their compliance strategies to meet the specific demands of each region.
The rapid pace that technology advances also complicates things. Emerging technologies like artificial intelligence and the Internet of Things introduce new privacy and security risks, prompting regulators to continuously update their frameworks. Businesses have to stay constantly informed, while being agile enough to make changes quickly – all of which can be resource-intensive.
Our interactive map below provides of some of the privacy, and cybersecurity-related legislation in six locations.
The information here is not, and doesn’t intend to be, legal advice.
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Insurance cover is vital to managing risk and protecting a business’s balance sheet. Brit's cyber policies give access to independent experts, such as incident response teams and legal advisors, who can help manage and mitigate the impact of a breach. Having these professionals on-side when needed most is crucial – they’ll guide businesses through the complex process of compliance with privacy regulations, making sure necessary steps are taken to address the breach effectively.
By having insurance cover, businesses can better manage the financial risks and operational disruptions caused by cyber incidents – focusing on recovery and maintaining customer trust.
Find out more about breach response services and cyber risks in our articles below.