As a previous post on this blog has discussed, businesses in Las Vegas and throughout Nevada have certain obligations to protect the data of their customers. This is especially true when the data includes financial information or particularly sensitive personal information, like a Social Security number.
While this obligation applies to all data, these days, much of this information is stored electronically. There are laws in Nevada that require any business in this state to use what the law calls reasonable electronic security standards.
This means that a business in this state must have some sort of plan or protocol in place to protect this information from falling into the hands of hackers or others who have no right to it. Likewise, any business that allows the use of credit card payments must follow the applicable Payment Card Industry Data Security Standard.
While enforced by major credit card companies, not following these rules could spell financial fees and penalties or, in serious cases, the loss of the privilege of collecting payments by credit card.
Having a protocol that follows the rules can protect a company from expensive lawsuits as well as fines or penalties from the state or another agency. However, interpreting these laws and rules can be complicated, as some of them even use language that is specific to the world of information technology.
These cybersecurity regulations are just one more reason why businesses in Henderson and the greater Las Vegas area need to rely on business law attorneys to help them navigate the often complicated web of regulatory compliance regulations all businesses must follow.