The increase in hacking attacks aimed at stealing personally identifiable data has caused regulators to come up with policies aimed at protecting the public. As a business owner, it is important for you to get acquainted with the data protection policies and regulations governing firms operating in your industry. Since ignorance is no defense, you would do well reading these tips shared by an expert Orange County IT support provider on how best to manage data in highly regulated industries.
There are many regulatory bodies out there whose core mandate is to ensure that consumers are protected. They do these by outlining regulations which all firms operating within the industry under the regulator must adhere to. Here are two key regulations that every firm should pay close attention to:
A patient’s medical information is arguably the most personal information that a person has. Therefore, there is no reason whatsoever for this personally identifiable information to fall into the hands of anyone who is not a healthcare provider, the patient or the insurer. To safeguard this information there are a number of regulatory bodies that take charge--- these include the Occupational Safety and Health Administration (OSHA), which works to ensure that workers safety is prioritized by employers. The Center for Medicare/Medicaid services is tasked with protecting patients’ data. In the US, all healthcare providers are expected to adhere to the Health Insurance Portability and Accountability Act (HIPAA), which serves to protect patients’ data. When considering implementing a new IT system for your healthcare facility you should talk to an Orange County IT support provider who will help you to stay compliant.
Financial Services Regulations
The financial services sector is yet another high regulator industry. Firms operating in this industry are constantly under watchful eyes of regulators, the government and the public. The volatile nature of the industry has seen the formulation and implementation of a number of ACTS which have all been aimed at ensuring that the public is protected. The main regulations that you need to pay attention to include the Gramm-Leach-Bliley Act (GLBA), the Sarbanes-Oxley Act (Sox) and the Payment Card Index (PCI DSS).
Bearing in mind the diverse nature of regulations that could affect your firm, it is strongly recommended that you work with a knowledgeable Orange County IT support provider to ensure that your IT system and processes are compliant to the many regulations. At MIS Solutions, Inc., we are committed to ensuring that your business is compliant. Contact us today to learn more.