What compliance concern is addressed by using External PSM Storage?

Using External PSM Storage primarily addresses compliance concerns related to GDPR (General Data Protection Regulation). GDPR is focused on ensuring the privacy and protection of personal data for individuals within the European Union and the European Economic Area.

Implementing External PSM Storage means sensitive data is stored securely and managed properly, which aligns with GDPR's strict requirements for data protection. GDPR mandates that organizations must implement appropriate security measures to protect personal data against unauthorized access and breaches. By utilizing external storage solutions that enhance security and access control, organizations can better manage their compliance with GDPR's obligations regarding the handling of personal data.

In contrast, while PCI Compliance, SOX Compliance, and HIPAA Compliance also involve data protection and confidentiality, the primary focus of GDPR is specifically on personal data privacy rights, making it the correct answer in this context. Each of these other regulations does have relevant compliance concerns but does not directly relate to the specifics of External PSM Storage in the same way GDPR does.