A plethora of inspirational quotes float around the internet and office lobbies about how "Wise men don't blindly follow rules, they use them as guidelines" or "Making up your own rules is the trick to success. " That's great for a motivational speech, but for industries like healthcare, insurance, banking, and others, the rules are very important. These are some of the most regulated industries in the United States; organizations in these industries must comply with strict rules and regulations from the government.
No matter the industry, data security is, and always will be, paramount. Data breaches can cause significant loss of revenue and customer trust. No doubt you remember the 2017 Equifax data breach. This breach affected 148 million records, including social security numbers, birth dates, addresses, and in some cases driver's license numbers and credit card information. Equifax paid out $700 million in damages to help people affected by the data breach, and suffered through reputational damage and congressional inquiries.