You might have noticed that business insurance companies are starting to show an interest in how you are protecting your technology and data. If your org has been in touch with your insurance provider regarding modifying or renewing your business insurance, you were likely handed a lengthy questionnaire about your cybersecurity. Let’s take a look together to help you make informed decisions on how to handle your IT and how to prevent your insurance costs from skyrocketing.
EZ MSP Blog
The United States Federal Trade Commission’s mandate is to prevent fraud and promote consumer protection in today's interconnected world, where the digital landscape continues to evolve at a rapid pace. The FTC recognizes the importance of safeguarding consumer information and has implemented their Safeguards Rule as a means to ensure that businesses protect sensitive data from unauthorized access and misuse. Let’s take a look at the Safeguards Rule and what you need to know about it in regard to your business.
Compliance is a critical element of many businesses’ requirements, with pretty severe penalties as a consequence if the prescribed standards are not met. Even more importantly, most compliance requirements and regulations are put in place for the welfare of not only the business, but its clientele as well. This makes it critical to know which apply to your business, and how to meet them fully.
Every business’ clients trust that they’re taking every measure possible to protect data, like personal information or financial records. However, with the number of businesses using electronic records continuing to climb, along with the rise of cybercrime, many industries have begun to impose regulations and compliances that are designed to keep personal information secure. Health and finance are two of the most heavily regulated industries, with the government having stepped in and set a specific standard of data security regulations that these companies must comply with.
Cloud computing has been touted as one of the most innovative and important technologies for smaller businesses as they look to compete with larger organizations. How it makes this possible is by offering dynamic computing environments that can help bring these smaller businesses into the information age without saddling them with massive infrastructure costs while doing so. That’s not to say that the cloud is cheap by any means, and this month we will discuss how cloud computing is a great option for nearly any business.
Regardless of your industry, there are going to be certain regulatory standards that you will be responsible for upholding. Many of these standards will be related in some way to your cybersecurity. Let’s talk about some of these cybersecurity standards, and why compliance is so critical for your business.
The cloud is a great opportunity for businesses to increase accessibility of data and enhance productivity, especially while remote, but for those who do not know how to approach it, the cloud can be intimidating. Today, we are going to make the case for a private cloud solution and why you should consider it as a viable option for your business, even if it does not seem like it at the moment. You might be surprised by what you learn!
According to a survey conducted by Splunk and Enterprise Strategy Group, more business leaders intend to funnel funding into their cybersecurity—88 percent of respondents reporting a planned increase into their investments, 35 percent reporting that these boosts will be substantial. Let’s examine a few of the insights that this survey has revealed.
HIPAA—the Health Insurance Portability and Accountability Act—is a serious concern for all healthcare providers that operate within the United States, and for good reason! Since August 1996, HIPAA has mandated that these healthcare providers comply with various best practices. While HIPAA is relatively familiar to many people for assorted reasons, fewer know about HITRUST (the Health Information Trust Alliance) and how these acronyms ultimately cooperate with one another.
Most businesses have compliance regulations they need to meet. 2021 is becoming somewhat of a tipping point for some. Companies are dealing with the development of new data privacy laws that will surely add some responsibilities on top of already established regulations. This month, we thought we’d take a look at compliance and why it is important to stay on top of it.
Nowadays, every business accepts payment cards. To protect people’s personal and financial information when conducting transactions using credit, debit, and gift cards, the companies that stand to lose the most if these transactions are compromised: Visa, Mastercard, Discover, and American Express, have implemented industry-wide compliance regulations. This regulation is called PCI DSS, short for Payment Card Index Digital Security Standard. Let’s take a brief look at this regulation.
If you think that working with the cloud doesn’t have risks, think again. It’s inevitable that you’ll face security compliance concerns when it comes to your cloud-based data. If your organization has data stored in a cloud-based environment, you’ll want to pay particularly close attention to how compliance laws affect the way that you access and store this information. How can you make sure that your cloud-based data isn’t in violation of some cloud compliance laws?
As a business, your clients trust that you’re taking every measure possible to protect data, like personal information or financial records. However, with the number of businesses using electronic records continuing to climb, along with the rise of cybercrime attacks, many industries have begun to impose regulations and compliances that are designed to keep personal information secure. Health and finance are two of the most heavily regulated industries, with the government having stepped in and set a specific standard of data security regulations that these companies must comply with.
Regardless of what industry a company is classified under, they all are responsible for upholding particular standards to ensure compliance with industry regulations. However, according to the 2016 State of Compliance survey, a shockingly high number of organizations were shown to be a bit fuzzy on their requirements.
American healthcare organizations must store and exchange patient data in ways that comply with the HIPAA law, or else face hefty fines. One mental health service in Alaska recently learned this lesson the hard way after being hit with a $150,000 fine. Is your healthcare organization’s IT infrastructure 100 percent HIPAA compliant?