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Does Your IT Environment Meet the Stringent Mandates of Legislative or Industry-Standard Compliance Guidelines?
For many companies doing business here in the Fort Worth area, the introduction of GDPR in Europe was a wakeup call.
Because every business leader that is paying attention to the trends knows that the GDPR data privacy law in Europe is just one in a series of legislative compliance mandates that are sweeping the globe. Sooner or later, every country or state will have its own version of GDPR, and every company will have to align their technology to measure up to the standards set in the legislation.
But you know that it’s not just GDPR and similar legislation that is in the pipeline.
If you’re in financial services, healthcare, or one of the dozen other industries that are impacted by current state and federal legislation or industry compliance standards, you’re already dealing with the headaches of compliance.
48 Technologies is here to help.
We’ve worked with dozens of clients that have high-demand IT environments and no-compromise IT compliance requirements. We know how to get your systems up to par and how to maintain the level of compliance that is expected of your IT systems.
Are Your IT Systems Subject to These Compliance Laws and Industry Expectations?
- GDPR – As we have previously stated, GDPR is the latest – and biggest – in a string of personal data privacy laws to be enacted in countries across the globe. Although GDPR is specific to Europe and those doing business there, similar legislation has already been enacted in Australia and Canada as well as certain states within the USA. It’s only a matter of time before all companies will be subject to like legislation.
- HIPAA – Our nation has enacted this legislation to protect private health information. Unfortunately, HIPAA is not one simple law, but instead, it is a complex compilation of regulations and heavy penalties for non-compliance. HIPAA compliance is required for healthcare organizations and anyone that does business with them – or any company that has access to personal health information.
- Industry-Specific Compliance Standards – Compliance has become a huge part of professional service delivery across the spectrum of industries. Each industry has its own compliance standards that must be met. Usually, these compliance standards surround the protection of client data and personal information.
- PCI – The Payment Card Industry Security Standards Council was put together by the big players in the credit card industry to standardize how cardholder data was handled. The result of the council’s work was the Payment Card Industry Data Security Standard. Every business that processes credit cards falls under the mandates of PCI compliance.
- Sarbanes-Oxley – Sarbanes-Oxley is intended to deal with auditor independence, corporate responsibility, fraud, and tax returns. In addition, Sarbanes-Oxley mandated the establishment of Public Company Accounting Oversight Boards. Financial services firms and others dealing with the financial industry must comply including public companies, public accounting firms, and in some cases – private companies.
- FINRA – The Financial Industry Regulation Authority has been tapped by Congress to develop a base of compliance rules for the financial services industry and to enforce those rules. The stated goal of FINRA is to ensure transparency and to educate/protect the investor.
Compliance Steps for Small to Mid-Size Fort Worth Companies.
- – Find Out – If you don’t know or aren’t sure what compliance regulations or industry compliance standards apply to your business, find out. It’s better to know and to be prepared.
- – Get A Professional on Your Side – By partnering with a professional Fort Worth IT compliance team like 48 Technologies, you can have the peace of mind that comes from working with people who know what they are doing.
- – Get Your Compliance Consultant to Do a Thorough Compliance Assessment – Every aspect of your IT environment – from your software and data backup to your mobile and cloud assets – must be examined for non-compliance and brought into line with legislation.
- – Make the Necessary Changes – A compliance assessment is only good for your company if you follow through with the roadmap set for your IT environment by your IT consultant. Taking the necessary steps will save you the pain associated with compliance audits gone wrong.
- – Keep Your Entire IT System Maintained to Ensure Compliance – IT compliance is not a “one and done” kind of project. Instead, it is an ongoing strategy based on data privacy and cybersecurity best practices. By engaging the services of a Managed IT Services provider, you are able to have the stable, ongoing, comprehensive IT maintenance and monitoring needed to ensure compliance.