A top concern for organizations—especially in our digital age—is remaining compliant. However, it’s becoming more and more challenging to keep up with the changing IT compliance landscape.
Between industry-specific regulations and federal and state standards, there are a lot of different rules to follow. Figuring out which regulations apply to your business and how to make sure you meet them can be overwhelming.
Fortunately, Weber TC is here to help. We understand the importance of IT compliance regulations and have created this guide to help you understand which compliance laws might affect your business.
Why Is IT Compliance So Important?
There have always been rules when it comes to owning a business. These rules protect you, as the business owner, and your customers.
But because modern technologies continue to evolve, there is an increased need for vigilance when it comes to IT compliance because you have to stay a step ahead of the bad actors. Staying compliant with applicable laws and regulations helps protect your customer and business data from theft or corruption.
Compliance regulations are a necessary evil to ensure that data stays secure and your business remains competitive and protected!
7 Compliance Laws You Should Know
Let’s take a look at a few of the most popular IT compliance laws and regulations that businesses should be aware of:
The General Data Protection Regulation (GDPR)
Implemented in Europe in mid-2018 to help protect the personal information of EU citizens, GDPR applies to any organization that collects and processes data of EU citizens–regardless of where the business is based.
The Health Insurance Portability and Accountability Act (HIPAA)
This act was created to better protect the confidentiality and security of patient healthcare information. It requires organizations that work with patient-related data to abide by strict regulations.
Payment Card Industry Data Security Standard (PCI DSS)
If you handle credit card information, you have to comply with PCI DSS. This regulation is designed to help organizations that process credit card payments securely store and transmit cardholder data. It applies to any organization, regardless of size, that collects or stores such information.
The Sarbanes-Oxley Act of 2002 (SOX)
Created in response to corporate scandals, SOX requires public companies to adopt specific controls and processes when it comes to financial reporting and disclosures.
Federal Information Security Management Act (FISMA)
This act was designed to ensure the security of federal information systems and networks by mandating certain standards for all government agencies.
The Gramm-Leach-Bliley Act (GLBA)
Also known as the Financial Modernization Act of 1999, this act requires financial institutions to protect the privacy of customers’ personal information. This act specifically applies to financial institutions, or any company that provides financial services, and requires they disclose their data practices with customers.
Family Educational Rights and Privacy Act (FERPA)
This act enforced by the U.S. Department of Education protects student records and data from unauthorized access or disclosure. It applies to any educational institution that receives federal funding.
How Weber TC Can Help Your Business Meet Compliance
Weber TC understands how complicated IT compliance regulations can be for your business. We are here to help you meet compliance with applicable laws and frameworks so you can ensure the security and safety of customer data across all devices in your organization. To learn more about our services, please contact us today for a free consultation. Together, let’s work to make sure your business is compliant with the latest IT compliance regulations.
