Tampa business leaders know the importance of staying up to date on IT compliance. It’s a necessity that must remain top of mind regardless of the IT compliance challenges it poses for your team.
With a wide variety of cyberthreats circulating, governing bodies continuously update policies for data storage and security to minimize risks to businesses, investors and consumers alike. And it’s not just enterprise-level businesses in danger. Did you know that small businesses are a prime target for cybercriminals? With more than half of SMBs closing within six months of a cyberattack, it’s critical to stay current with the latest IT compliance policies.
Here are the top four compliance standards we can help you maintain:
The European Union (EU) is leading the world in protecting the information of its citizens with the General Data Protection Regulation (GDPR). Unlike current laws in the U.S., all businesses that gather, store and transmit the data of EU citizens must abide by GDPR compliance. In order to conduct business in EU countries or with EU citizens, organizations must maintain IT compliance with GDPR regulatory standards.
One of GDPR requirements includes a mandate that businesses must allow individuals to opt-in for data collection with the choice to opt-out at any time.
Payment Card Industry Data Security Standard (PCI DSS) protects the storage and transmission of credit, debit and cash card information by businesses. Compliance with PCI DSS creates a foundation of benefits for both you and your customers.
You can meet PCI DSS compliance standards, provide your customers with active data protection and seek out potential threats before they arise—all at the same time. This is done by building and maintaining secure networks and systems, implementing a vulnerability protection program and conducting regular network monitoring and testing.
Documented information security policies and access control systems can also go a long way in protecting your organization’s data.
Sarbanes-Oxley Act (SOX) compliance focuses on protecting the investor. If you’re an officer of a publicly traded company or about to offer an IPO, this applies to you.
SOX mandates that companies are transparent with their financial information for shareholders. The annual audits that go along with SOX compliance rely on data-secure financial reporting. This requires complex, formal internal control processes over IT infrastructure and applications.
The Health Insurance Portability and Accountability Act (HIPAA) outlines the protection of medical records at all levels of storage and transmission by a business associate. This means that any information collected from patients must be properly managed, transferred and accessed.
Privacy, security and notification are key steps to HIPAA compliance. Privacy ensures that no personal medical records can be disclosed without patient consent. Security focuses on ePHI (electronic protected health information). Administrative, physical and technical safeguards are put in place to ensure compliance standards are met. Notification refers to the process of informing all parties involved in any confidential breach in a timely manner.
How We Help
LNS Solutions implements compliance management solutions that actively safeguard confidential data. We also offer IT compliance training to educate your employees on the latest regulations. Training ensures the proper measures are in place to minimize the risk of compromising information.
By partnering with LNS Solutions, we’ll get you compliant without the hassle and headache of doing it yourself.
While businesses have numerous focuses beyond security, it’s vital to the success of your Tampa-based business that IT compliance is maintained. We know it’s not always easy. Take advantage of our expertise to maintain adherence to the ever-changing laws and codes. We keep track of your compliance and safety 24/7 so you don’t have to.
Contact us to learn how we can help your business with IT compliance challenges in Tampa today.