We define compliance as adherence to specific standards set by government bodies to an organization while regulation is making sure that the organization is compliant at all times. It is important to understand that an organization’s digital security needs to be compliant with standards set by the assigned government bodies. In order to protect the business itself and it’s consumers, it is vital for a firm to adhere to these. With the digitization of most businesses, specific security standards are to be kept. Government agencies and regulating bodies, with the help of security experts, determine these standards that each organization has to comply with.
If you’re not an expert in digital security, compliance to set standards may be difficult for you. Even if you manage to comply, you might not have sufficient knowledge to operate, update, or maintain your security system. Also, keep in mind that these standards will keep on updating as technology improves. You might get your hands way too full to handle all these matters on your own.
Security experts like TrinSecurity offer compliance and regulatory services. What they do is they make sure that your business complies with every standard set for your kind of business. Apart from that, they will also help you in regulating and keeping these standards. Every time that there’s a compliance update, you can make sure that your firm will also be updated to the latest security standards – and you don’t have to worry about being out of date.
HIPAA or the Health Insurance Portability and Accountability Act is a legislation that provides medical or health-related data security. The act aims to protect medical information. Since medical institutions and health insurance companies are common targets of cyber attacks, HIPAA compliance aims to build a secured database in hospitals, health insurance companies, and any health-related business.
PCI or Payment Card Industry compliance aims to protect financial data by regulating the usage of different payment mediums like credit cards, debit cards, and the like. Credit and Debit card companies and banks require a PCI compliance certificate before they can allow their cards to be used in your establishment. This is to ensure that all financial data is secured from hackers.
FFIEC and SOX compliance regulates security standards for financial institutions such as banks, insurance companies, and the likes. The Federal Financial Institutions Examination Council (FFIEC) is a five-member agency responsible for establishing consistent guidelines and uniform practices and principles for financial institutions while the SOX or Sarbanes-Oxley Act of 2002 aims to protect shareholders and the general public from accounting fraud and errors. These institutions require financial institutions and large enterprises to adhere to their standards to protect their benefactors.
Certain regions, countries, or states impose their own security standards to protect their people’s data. The GDPR or the General Data Protection Regulation aims to protect all EU citizens’ data. CCPA or the California Consumer Privacy Act is a law passed to protect the data privacy of California citizens. So if your business would transact with EU or California people, you will be needing this compliance.
HITRUST or the Health Information Trust Alliance. HITRUST, apart from helping health institutions to meet HIPAA standards, they create, continue, and maintain what we call the CSF or Common Security Framework. HITRUST ensures that healthcare providers adhere not just to HIPAA but to other security standards as well.
There are other compliance standards like NIST, NYDFS Cybersecurity Regulation, SOC 2 Audit Reporting Services, and more. If you add these all up, you might wonder, how can I comply with all of it? TrinSecurity can help you ensure compliance with all needed standards.