<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0VCAa4_0wKDoc7W00" alt="https://img.particlenews.com/image.php?url=0VCAa4_0wKDoc7W00" width="1024" height="681" ></figure>In recent years, security risks have become commonplace for reseller hosting businesses that collect the information of their users. As enterprise owners build resiliency and reliability for their brands, there is a legal necessity to keep data security compliance in mind.<h2>Why Reseller Hosting Businesses Should Comply and Follow Global Protection Laws</h2>Compliance is a crucial component of a reseller hosting business regarding global protection laws. It helps verify that the company follows all standards, regulations, and laws. This practice can safeguard the business from legal issues or reputational harm. Compliance can prevent a business from enduring fines, lawsuits, complicated legal action, and other penalties often resulting from failing to meet regulatory requirements. When a business properly complies, it possesses the potential to build a reliable reputation. A company can showcase morality by following the laws and regulations of its relevant industry. Subsequently, a business could expand its reach and receive positive notice from future customers.Disciplinary action could lead to fewer customers, financial losses and retribution, or license suspension, and compliance helps companies avoid these penalties. Additionally, an enterprise's ability to comply may allow it to mitigate technical risks sufficiently, such as data losses and security breaches.Each region has its own set of laws that businesses must follow, alongside a list of possible punishments if they don't comply. Two notable compliance measures are CCPA compliance and GDPR compliance.CCPA ComplianceCalifornia Consumer Privacy Act (CCPA) compliance is the practice of adhering to regulations and rules that guard the privacy of data that belongs to California residents. This data privacy law was enacted on January 1, 2020, giving California citizens the right to access, erase, and withdraw from the potential sale of their personal information.Enterprises that collect the sensitive information of California residents are expected to comply with the CCPA if they meet a certain threshold. These thresholds could include processed data volume or revenue. Under CCPA compliance, businesses must be transparent, guarantee vendor conformity, and respond to consumer requests. If a company unintentionally violates CCPA compliance, it could face a penalty of at least $2500 per violation. Conversely, orchestrated violations could result in a $7500 fine per transgression. GDPR ComplianceIn the European Union (EU), General Data Protection Regulation (GDPR) compliance is the common set of data protection laws that enterprises must follow. The GDPR requires businesses to handle personal data properly and is considered one of the strongest privacy laws worldwide. It took effect in 2018 and requires organizations to incorporate several best practices in their internal business affairs. Under GDPR, a company must obtain consent to process data, use encryption, appoint a data protection officer, build a knowledgeable employee base, respect users' privacy and accessibility rights, send notifications of data breaches, and comprehend the data collection process. Consequences of non-compliance with the GDPR include hefty fines, regional lockouts, criminal penalties, and operational disruptions.<h2>Best Practices For Data Security Compliance</h2>Several data security compliance best practices are worth considering for entrepreneurs looking to build a resilient reseller hosting business.<ul><li>Access control: Permission and authentication are necessary to guarantee that users access company data properly.</li><li>Data classification: Businesses must classify sensitive data to protect it from accidental damage, destruction, or loss.</li><li>Data encryption: Pseudonymization and encryption can keep data safe regardless of potentially unauthorized access.</li><li>Incident response: Businesses should plan ahead for security incidents such as data breaches.</li></ul>Additionally, integrating security awareness training for employees could greatly benefit a company as a supplemental measure of mitigating risks and vulnerabilities.<h2>Final Thoughts </h2>Complying with global data protection laws, such as CCPA and GDPR, can help a reseller hosting business maintain high-security standards while developing trust to attract long-term clients. With these insights, companies can build a brand of dependability and tenacity, allowing them to steer the competitive nature of the reseller hosting industry productively.Image: PexelsThis post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice. Benzinga does not make any recommendation to buy or sell any security or any representation about the financial condition of any company.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</div></body>

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Building A Resilient Reseller Hosting Business: Best Practices For Data Security And Compliance

In recent years, security risks have become commonplace for reseller hosting businesses that collect the information of their users. As enterprise owners build resiliency and reliability for their brands, there is a legal necessity to keep data security compliance in mind. Why Reseller Hosting Businesses Should Comply and Follow Global...