What is Compliance?
Some of the biggest challenges businesses face with their consumers and other public stakeholders are Business Transparency, Privacy, Security, and Data Governance. When it comes down to the bottom line… it’s all about reputational trust and the ever growing need for Compliance Management. The ethical expectations of companies on the part of the general public as well as in the media are steadily rising. Therefore, business integrity and regulatory compliance have become a serious matter for all companies, and the significance of their potential impact should never be underestimated. History has shown us all too well that companies without integrity and/or complete compliance run the risk of massive damage in terms of financial and reputational loss.
The term “Compliance” basically means ensuring law-abidance. Private and public stakeholders expect that every company will conduct business in a way that complies with applicable standards. From this perspective, compliance can also be defined as the state of integrity expected of the business on the basis of civil responsibility.
What is Compliance Management?
Compliance Management is the process which ensures that a set of people are following a given set of rules. The rules are referred to as the compliance standard or compliance benchmark, while the process is what manages their compliance. Compliance Management can take many forms. It can be a mix of policies, procedures, documentation, internal auditing, third party audits, security controls, and technological enforcement. There are numerous compliance regulations, some which span multiple industries, and others which are industry specific. Some are mandated by law, while others are mandated by the industry as a part of doing business.
Below is a brief list of the more common compliance standards and laws your business might be exposed to:
As you can see, in addition to compliance standards, there are many State laws that govern the collection, use, notification, and disposal of [extra href="#example" title="Personally Identifiable Information (PII) Includes:" info="popover" info_place="bottom" info_trigger="hover" info_content="Full Name, Date of Birth, Street Address, Phone Number, Email Address, Place of Birth, Social Security Number, Driver's License/State ID Info, Passport Information, Account Info, Medical Info, Employee/Vendor Records, Financial Records, etc." ] Personally Identifiable Information (PII) [/extra] and/or Protected Health Information (PHI). Be aware that this is not a complete list and there are many other laws that may be applicable to your specific business situation. In addition to State laws, there are also a number of Federal laws that govern the processing of Credit Card data as well as the proper handling of PII and/or PHI. We are not attorneys or legal professionals. However, we do recommend to err on the side of caution whenever dealing with the law and advise you to seek appropriate council for your business whenever there is question or concern regarding legal matters. That being said, it is always best to keep your business in order by achieving and maintaining compliance and uphold all applicable laws whenever it comes to protecting Personally Identifiable Information.
Here's what you can resolve with our
Compliance Management Services...
As you know, we live in a time where privacy and security have become top priorities for businesses as well as consumers. If you are concerned about the legal ramifications of managing your customer's privacy because you handle a lot of PII, or are required to maintain PCI-DSS and/or HIPPA compliance, our knowledgeable and experienced staff is here to assist you. ITNS Consulting is dedicated to providing the very best services to proactively support, maintain, and securely protect your business interests. Our suite of technology solutions are specifically designed to efficiently and effectively save time and money in addition to providing considerable value well beyond what many other providers offer. Here are just a few important reasons to consider our Compliance Management Services and other solutions over what you may currently have in place:
- Security Consulting by Certified Professionals
- Risk & Threat Assessments
- Internal & External Vulnerability Assessments
- System Documentation Review
- Security Policies & Procedures
- Privacy Policies & Procedures
- Compliance Management (PCI-DSS, HIPAA, Other PII)
- PCI-DSS SAQ Management
- Security & Privacy Management
- Documented Change Management
- Security Training & Testing
- Secure Vendor Management
- Incident Response & Notification Management