When it comes to compliance, it doesn’t take long for business owners to realize that there’s a lot to keep track of — in some industries more so than others. With so much going on, there are a lot of opportunities to make simple mistakes that could lead to devastating fines and result in a damaged reputation. Unintentional oversights can result in devastating penalties, seemingly overnight, which is why smart leaders seek out guidance about how to comply with both federal and global regulations before things get dicey.
After all, running a professional organization is a huge undertaking, and the last thing you want to do is make a simple mistake regarding HIPPA, PCI, SOX or any other regulations that govern your industry. Think about the consequences that can be avoided with just a bit of planning and training. Being proactive and staying abreast of potential roadblocks is the easiest way to maintain compliance in a quickly changing regulatory landscape.
What Should I Be Paying Attention To?
Personal Phones and Laptops: As people continue to use their personal devices to conduct business, your organization’s exposure grows and your cybersecurity concerns become more complex. While the bring-your-own-device (BYOD) culture is good in many ways, it does open the door for more things to go wrong in terms of compliance. If you haven’t taken time to consider what sort of obstacles these devices introduce, don’t put it off any longer.
The Internet of Things (IoT): As smart devices become the norm, businesses are adopting new technology that allows them to thrive in an efficient and highly automated environment. But just as organizations figured out how to handle mobile devices, smart homes and offices started gaining in popularity and presenting their own compliance challenges. Since the heightened transmission of electronic data opens up new possibilities for breaches, ignoring the IoT is not an option for the modern business owner.
Software Notifications: Sure, you may think that skipping an update alert or forgetting about a software patch is no big deal, but eventually, on a wide-scale level, this sort of minor carelessness adds up, and it could lead to consequences related to compliance. Following directions is important, especially when you need to protect your data and devices from cyberthreats that could compromise your ability to comply with federal and international regulations.
Vendor Management and EDI: When you’re the guardian of patients’ personal healthcare records and customers’ sensitive financial information, you understand that regulations are in place for a reason. But since regulations are constantly evolving, your protection has to evolve alongside it. If you are transferring information between computers and need to focus on EDI compliance, selecting the right software and IT professionals is key. Protect confidential data with the right cybersecurity measures or risk falling into noncompliance, accruing costly fines and even losing your good name and hard-earned clientele.
Privacy and Personal Details: With more and more transactions occurring online, digital risk management is becoming a huge part of staying compliant with federal and international regulations. Customers and patients are trusting you with a lot of valuable data when they hand over their information. As transmitting data becomes quicker and simpler, the information also risks being mismanaged or hacked during a cyberattack. Protecting sensitive data should always be your chief concern when it comes to compliance, so having the right security measure in place is critical.
As you can see, meeting federal regulations is easier when you have the right tech partner in your corner.
We’re Here to Assist
Maintaining compliance is a huge responsibility for any business owner, but by optimizing your technology today, you’ll be setting yourself up for long-term success. Let our team of experts provide comprehensive compliance services that will relieve stress and let you get back to work. As your MSP, we’ll take compliance off your plate so you can grow your business. Contact us today, and start simplifying things without delay.