Cybersecurity Compliance
Refers to specific cybersecurity frameworks and guidelines compiled by various governments and organisations in a bid to ensure that personal data and sensitive information such as payment data is secure, and safe while being entered, stored, transferred or deleted during and after transactions.
These guidelines are meant for all types of businesses, government and individuals. What separates compliance requirements is depended on the type of industry you operate in.
In South Africa
Compliance Requirements include :
Primary Laws
Electronic Communications Act 36 of 2005: This is the primary law governing electronic communications in South Africa. It covers issues like interception of communications, data protection, and cybercrime.
Protection of Personal Information Act 4 of 2013 (POPI): This law regulates the processing of personal information, aiming to protect individuals' privacy rights. It applies to both public and private entities.
Cybercrimes Act 19 of 2020: This is a relatively new law specifically addressing cybercrimes. It covers offenses such as unauthorized access, data interception, computer sabotage, and online fraud.
National Credit Act 34 of 2005: This law regulates credit information, including the protection of personal information related to credit transactions.
Financial Intelligence Centre Act 38 of 2001: This law aims to combat money laundering and terrorist financing. It requires certain entities to report suspicious financial transactions, which can involve electronic data.
Consumer Protection Act 68 of 2008: This law protects consumers' rights, including their right to privacy and the protection of personal information.
National Payment System Regulations: These regulations govern the payment system in South Africa and include provisions related to data security.
King IV Code of Corporate Governance: While not a law, this code provides guidelines for good corporate governance, which includes risk management and cybersecurity.
ISO 27001: This international standard specifies requirements for an information security management system (ISMS). Organizations can choose to implement ISO 27001 to demonstrate their commitment to data security.
Note: The cybersecurity landscape is constantly evolving, and new laws or regulations may be introduced in the future. It's essential to stay updated on the latest developments in South African cyber security legislation.