University of The Cumberlands Cyber Security Laws and Penalties Discussion

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University of the Cumberlands

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Discuss the penalties associated with noncompliance with the various laws . Do you believe they penalties are appropriate? Why or why not?

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Running head: CYBER-SECURITY LAWS AND PENALTIES

Cyber-security Laws and Penalties
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Institution:
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CYBER-SECURITY LAWS AND PENALTIES

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In the modern-day, cyber-security has become a significant business concern. Most
organizations have adopted the use of technology for almost their entire operations. Whether it’s
in record keeping, accounting, or marketing businesses have to embrace the use of technology.
Data breaches have adverse consequences for companies which include customer churn, damage
to reputation, loss of revenue, and facing lawsuits. Cyber-security laws provide directives that
force corporations to adopt strategies that help protect their data and systems from attack. The
regulations require companies to maintain recommended levels of security. Corporations that fail
to comply with the cyber-security rules are subjected to face penalties and fines. Company
leaders should be familiar with cyber-security rules and regulations that apply to their business to
avoid non-compliance.
The Health Insurance Portability and Accountability Act (HIPAA), established in 1996,
provides standards for the security and privacy of healthcare information. The act addresses the
use and sharing of personal health information by ...


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