The business world is changing rapidly, and with change, there are new opportunities and new rules. With data privacy becoming a hot-button issue for businesses and individuals alike, it is increasingly important that your business has the resources it needs to meet all the compliance standards you operate under.
In the landscape of regulatory compliance, it helps to have a little assistance. With our compliance management service, you can outsource your adherence to government/industry standard practices. We’ve worked with businesses in numerous types of industries and verticals, meaning that our technicians understand what’s required to comply with certain regulations and standard practices.
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The Importance of Regulatory Compliance
While compliance with these standards has significant financial incentives, it also helps you build trust and win more customers who may already have concerns about the security of their information. Further, compliance helps you to identify gaps in your IT security that you may have missed if an audit never took place.
Between HIPAA, SOX, FERPA, CMMC, and many other industry regulations, compliance management has become a critical operation for many businesses. Keeping track of the compliance landscape can require quite a bit of time and resources.
What is Compliance Management?
Compliance management is the ongoing process of monitoring and assessing your systems to ensure they meet the industry-based requirements, corporate policies, and security regulation standards. This process involves an assessment of your infrastructure to identify systems that are non-compliant due to regulatory, policy, or standards changes, misconfiguration, or any other reason.
Compliance management is important because noncompliance may result in fines, security breaches, loss of certification, or other damage to your business. Staying on top of compliance changes and updates prevents disruption of your business processes and ultimately saves you money (by avoiding litigation).
How We Manage Your Compliance
A good portion of staying compliant is related to data privacy and maintaining several safeguards to protect your client’s data.
We will work with you to implement the technology tools necessary to meet these standards, while also providing the testing needed to ensure that the standard is continually met. Having a partner, like KT Connections, with a proven track record of information security and compliance management is an extremely valuable resource.
With our compliance service, your company’s regulatory situation will get the attention it demands, without the price tag of having to onboard an expert.
Since regulations are constantly changing and new standards are implemented yearly, it is important that you have the experience and knowledge necessary to keep your business ahead of any regulations it falls under. Although many compliance laws have similar approaches to security, you need to meet the specific requirements of your particular industry.
Some of the regulations our staff of compliance experts can help you manage to include the following:
- HIPPA (Health Insurance Portability and Accountability Act)
- PCI DSS (Payment Card Index Digital Security Standard)
- SOX (Sarbanes-Oxley Act)
- And more!
There are plenty of technology platforms available today to help maintain your compliance. Contact us today to learn more about our compliance management service and how it can help your business thrive.