Suggested Answer:B🗳️
Regulated PII involves those requirements put forth by specific laws or regulations, and unlike contractual PII, where a violation can lead to contractual penalties, a violation of regulated PII can lead to fines or even criminal charges in some jurisdictions. PII regulations can depend on either the jurisdiction that applies to the hosting location or application or specific legislation based on the industry or type of data used.
“Regulated PII” refers to personally identifiable information that is protected by specific laws (e.g., HIPAA, GDPR, FERPA) and imposes legal penalties for noncompliance. While all PII needs some level of protection, regulated PII must adhere to specific statutory or regulatory requirements, making it subject to legal enforcement.
Difference Between Contractual and Regulated Private Data
Contractual and regulated data may coexist within a single
complementary context; a contract may be formulated to enforce
the adherence to a regulation or set of regulations and a regulation
may define the need to have contractual relationships between
provider and consumer. The intent of a contract is to provide for a
legally binding instrument that governs the acts, expectations, and
behaviors between two or more parties. A regulation is typically
confined to a specific industry or process that involves a provider
and consumer (although the term regulation is used occasionally
tied to laws).
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