26 Sep A Closer Look at IT Compliance
Importance of Implementing IT Compliance
With the vast majority of businesses going digital, IT compliance is now more prevalent than ever. With that said, we wanted to utilize this blog post as an opportunity to educate our readers on the hot topic of IT compliance. Read on to learn more about IT compliance and the importance of adhering to it.
Why is it important?
Despite your company size or industry, you’ll need to follow these rules if you use an internet connection to share or store information. Following Information Technology compliance procedures is necessary to avoid any legal fees or interruption to the workday, as well as guarding personal information.
Which regulations apply to IT compliance?
Regulations for IT compliance include The Sarbanes Oxley Act, Family Educational Rights and Privacy Act (FERPA), Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act of 2002 (FISMA), Payment Card Industry Data Security Standard (PCI-DSS), as well as other regulations and acts.
What are the risks of non-compliance?
There are many risks to non-compliance. Protecting the privacy of employees and customers should be motivation enough to cause action, but for those resisting compliance, severe fees and legal action should be expected. In addition, negative press and reputational damage provide additional deterrents to breaking compliance. Check out these IT compliance statistics and incidents with some of the largest fines recorded, as much 2.7 billion dollars!
How we can help.
Learning which regulations apply to your business requires due diligence and thorough research. We can help by eliminating the stress and time of studying how these rules apply to your day to day functions and ensure compliance with all protocols. Our software is user friendly and offers free training to easily eliminate any vulnerabilities that your organization may have. We offer a recognized methodology for conducting and reporting on compliance assessment, as well as a top down and bottom-up view of organizational compliance to assist you in your goals.
In short, IT compliance is not something you can ignore or sweep under the rug, but it doesn’t have to be stressful! Just remember that the consequences are too hefty to be taken lightly. It is crucial to take the precautions necessary to ensure that your enterprise is compliant with IT related regulations. We hope that this blog post has not only educated you on IT compliance but increased your sense of urgency to confirm your compliance. Contact us for a free trial and learn how our software can help you.