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Managed Compliance for Your Data Security Obligations
Given the increasingly stringent data protection and privacy regulations now being enforced globally, your business can no longer allow compliance to take a backseat. Achieving compliance requires both fulfilling all your obligations under applicable regulatory standards and being able to provide documented proof in order to pass any regulatory audits. You need a comprehensive solution that automates and helps streamline the necessary compliance processes, making it easier for you to adhere to extensive regulatory requirements.
Our Compliance-as-a-Service (CaaS) solution can help your business achieve, maintain and demonstrate its data security compliance requirements. Let us show you how you can simplify your compliance processes and run your business without any regulatory glitches.
The Health Insurance Portability and Accountability Act or HIPAA, is a compliance standard that is designed to protect sensitive patient data. Any organization that deals with protected health information (PHI) is obligated to maintain and follow process, network and physical security measures in order to be HIPAA-compliant.
Concerns Associated With HIPAA Compliance
· HIPAA violations attract hefty penalties.
· Adequate training for handling PHI and dealing with malicious security attacks is critical.
· It is imperative to have a Security Incident Response Plan (SIRP) in place to deal with a security event.
· Professional assistance is required to handle the complexity of audits and to maintain the right documentation.
Lawyers have ethical requirements to keep client information confidential. Today that responsibility includes cybersecurity. As client information use and storage has moved from paper to electronic data, the American Bar Association (ABA) has updated its model ethics rules.
The ABA has also updated the Competence requirement to include cybersecurity knowledge - requiring attorneys to engage outside cybersecurity experts with the knowledge and tools to protect their data.
And finally, attorneys that work with protected health information (PHI) , such as when representing a patient, doctor or hospital in a malpractice case, must comply with HIPAA as Business Associates.
Accountants
Accountants access highly sensitive financial information, have client Social Security Numbers, and may have access to client credit card and bank accounts. They may see sensitive or protected information when helping a client with due diligence during a merger or acquisition. Accountants have ethical responsibilities to keep client information confidential, which includes cybersecurity. Accountants electronically file taxes with state and federal agencies. While preparing tax returns they may see protected information. They see PHI during audits of healthcare organizations. Specialized accounting firms help healthcare organizations and government contractors maximize their revenue.
Consulting Firms & Other Professionals
The National Institute of Standards and Technology (NIST) has developed a framework called the Cybersecurity Framework (CSF) to streamline cybersecurity for private sector businesses. NIST CSF is a set of voluntary standards, recommendations and best practices that are designed to help organizations prevent, identify, detect, respond to and recover from cyberattacks.
Concerns Associated With NIST Compliance
· Most businesses do not possess in-house expertise to safely adhere to NIST CSF requirements.
· Businesses need to understand their unique cybersecurity risks and vulnerabilities to properly design, implement and manage their security programs and best practices.