Financial Firms Take Note: HIPAA-esque IT Encryption Regulations (And Big Fines) Are Coming

Financial Firms Take Note: HIPAA-esque IT Encryption Regulations (And Big Fines) Are Coming by Cam Roberson, Director of the Reseller Channel for Beachhead Solutions Authorities enforcing the laws that govern industries dealing with sensitive personal data – such as patients’ HIPAA protections in the healthcare industry – aren’t skittish about levying substantial fines and criminal punishments as a means of enforcement. Financial firms might increasingly start finding this out the hard way, with signals indicating that the sector would be wise to begin taking the same precautions as medical practices when it comes to properly encrypting private client data. A…