Federal Data Protection Regulations
The two biggest market segments that suffer the most data breaches are public sector entities and small and medium-sized businesses. The federal government continually attempts to address cyber issues through regulations and spends $15 billion a year on cybersecurity.
There are three main data protection laws at the federal level; the Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act (FISMA), and; the Gramm-Leach-Bliley Act (GLBA). The legislature, however, has continued to supplement and amend the laws in place to bolster cyber regulations further as the times change.