Affordable ways online startups can do to protect personal information
The State of California in the U.S. recently passed a similar law to protect consumers’ personal data following the full implementation of the General Data Protection Regulation (GDPR) in the E.U. Protecting personal data in the digital age is very important and it could be very costly for online businesses, however, there are some affordable ways to prevent accidental personal data breaches.
It’s critical for startups to protect consumers’ personal information
The California bill signed by Governor Jerry Brown on June 28, 2018, claims to be “the nation’s toughest” and it’s expected to be fully implemented in January 2020, an article of USA Today revealed. The new law is believed to be stricter than the GDPR because it will allow online users to have their data excluded from being shared with third-party online businesses and social media platforms that process data. Data privacy breaches can be very expensive especially for startups that deal with cross-border clients, but there are affordable ways to possibly prevent it:
- Use an electric paper shredder when eliminating documents containing names, account numbers, addresses, bank information, credit card transactions and receipts.
- Aside from using strong passwords, consider investing in mobile devices and computers that have a two-factor authentication (2FA) that adds another layer of security.
- Use a reliable and secure business Wi-Fi router to protect the data shared by the business to its consumers. Consult an I.T. professional on what’s the best router fits a particular business.
- Use a durable locking system to secure physical mailboxes. Snail mails that often have sensitive information are highly valuable to identity thieves.
Super strict data privacy laws have been created and implemented to protect the sensitive data of online consumers in response to the massive Facebook data breach where data of millions of people have been analyzed by a British company to help political candidates in different countries to win the elections.
Online startups are at risk of insolvency if they fail to follow privacy laws. Small and established businesses violating the GDPR, for example, may result in hefty fines up to €20 million. Many businesses around the world with international operations have closed down after May 25, 2018, the deadline set by the E.U. for GDPR compliance.
The affordable tips mentioned above may help small online startups to protect the data they collect and process from their consumers. However, startups considering to make transactions with high-risk consumers across the borders may want to integrate a payment gateway solution that has a cutting-edge online security measure.