Posts tagged: regulations

The GDPR Implementation is Here… Are You Prepared?

Will Morgan
 May 24, 2018

According to PYMNTS.com, e-Commerce related fraud attacks have risen by 30% in the past year. Each high-profile security breach, data leak, or hacking scandal has heightened consumer awareness about the vulnerability of their personal information, and this has placed businesses in a difficult position. On one hand, enterprises need as much consumer information as possible to deliver relevant, personalized communications that can enhance the overall customer experience and ultimately improve satisfaction. On the other hand, these same enterprises are also obligated to protect their customers’ privacy while remaining in compliance with an increasingly stringent and complex web of regulations that instituted and enforced by governments working to protect their citizens. Today’s businesses must strike a balance between harvesting consumer information while also keeping it safe, and this can be a substantial challenge.

The European Union’s General Data Protection Regulation (GDPR) goes into effect on Friday, May 25, threatening to make the balance that enterprises are struggling with even more precarious. The legislation is expected to influence the formation of data localization laws on a global basis, and it will likely have a major impact on where and how enterprises do business. GDPR, which replaces “Privacy Shield” in the European Union (itself a replacement for the “Safe Harbor” law), returns ownership of personal data (data that can be used to directly or indirectly identify an individual) back to the continent’s consumers and grants them sweeping control over its use. Any organization that gathers, archives, processes, or manages the personal information of one of the EU’s “data subjects” is now bound by this new regulation. Read more »

3 Steps to Avoid a $1.5M HIPAA Violation

Other Posts
 May 14, 2013

New HIPAA compliance requirements for healthcare IT vendors could result in $1.5 million in security violations if vendors do not sign a Business Associate Agreement (BAA) with customers. Effective March 26, 2013, the HIPAA Omnibus Rule governing data security puts more responsibility on IT vendors, or “business associates” according to HIPAA, to secure Protected Health Information (PHI) when under a vendor’s control. Previously, covered entities, such as healthcare providers, hospitals, clinics, and insurers, were mostly responsible for complying with HIPAA privacy and security regulations. Now, vendors, including cloud storage and service providers, who maintain, store, create, receive or transmit PHI are also directly accountable for security breaches and liable for HIPAA compliance requirements. Read more »

Implications of the CARD Act for TransPromo

Matt Swain
 Feb 22, 2010

Today, the major provisions of the Credit Card Accountability, Responsibility, and Disclosure Act (the CARD Act) takes effect in the United States. The ultimate goal of this law is transparency and clarity in terms and conditions. The likely result will be sweeping changes to how credit card issuers approach their marketing, advertising, and billing. What does this all mean for TransPromo? One long-standing hurdle to the implementation of TransPromo is the headache of document (and data) redesign. Credit card issuers were given a government-mandated opportunity to open up that data and begin a redesign process–however basic it may end up being. That said, multiple vendors and service providers have leapt at the opportunity. The general feeling from many of the companies these vendors are working with is that if they are going through a redesign anyway, what else can they do?

Some of this activity was already put into motion while ramping up for the Truth in Lending Act (Regulation Z), which took full effect on October 1, 2009. Similar to the CARD Act, the relevant portion of this law related to content and formatting changes that credit card billers needed to put in place. CreditCards.com has an interesting timeline that shows when various credit card legislation takes effect. Our expectation is that 2010 will reveal significant headway made for TransPromo in the credit card industry in the United States.

Billboard limitations

Other Posts
 Dec 18, 2008

The other day I read with interest this article (http://www.chinadaily.com.cn/life/2008-10/20/content_7121308.htm) about the government in Shanghai China banning billboards in some locations and establishing rules about the sizes of outdoor advertising in other public spaces. The text of the edict is only in Chinese, so I can’t read it, but the article above says that the rules limit the size of outdoor advertising in bus shelters to 2.5 meters wide and prohibit billboards in more than 630 locations in the city. This is big news because it is often said that the Chinese market has as many billboards as the rest of the world put together, and a large number of Chinese wide format printing equipment manufacturers have emerged to supply that market including WIT Color, Fei Yeung, GongZheng, Yaselan, RTZ, Beijing JHF, and Teckwin to name a few. Most of those domestic Chinese wide format printing equipment suppliers have made some efforts to serve the worldwide market with limited success. If other efforts to limit billboards and other printed outdoor advertising are made in China InfoTrends expects to see these globalization efforts increase dramatically. It is certainly possible that OEM arrangements would be considered as part of those initiatives.

For those interested, there is a ton of detailed information about signage rules and regulations in the United States available at the ISA web site (http://www.signs.org/Default.aspx?tabid=223).

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