The Grass Is Always Greener
Regardless of the industry, everybody with compliance issues thinks they have it the worst. While there can be added costs to establishing and maintaining a compliant network, the cost of not doing it is much higher. Don’t worry; you’re not alone. We’ve done this before. For every industry. Hundreds of times. For 20 years.
Don’t worry about audits, focus on business. We’ve built and maintained compliant networks for the financial industry, legal, professional services, manufacturing, and medical:
- Sarbanes-Oxley Act (SOX)
- SEC Requirements
- Governance, Risk Management & Compliance (GRC)
- The Health Portability and Accounting Act (HIPAA)
If you require real world solutions to the compliance issues your organization faces, contact us today.
From law firms and private medical practices to a wide variety of other business, no matter what industry you specialize in it’s likely you are required to maintain some form of compliance.
In the healthcare industry, the compliance risk “biggie” is of course the Health Insurance Portability and Accountability Act, better known as HIPAA. The U.S. Department of Health and Human Services reports that between April and December of 2018 it received 197,049 HIPAA related privacy rule complaints. It lists one of the top violations as lack of administrative safeguards of electronic protected health information. The price you could pay for a violation can range from a First Tier violation which averages $100 – $50,000 per incident, up to $1.5 million per incident for a Four Tier violation.
If you’re a doctor, those IT compliance violation fines probably got your attention. If you’re an attorney what will open your eyes are the regulatory mazes you must go through for multi-platform unified archiving, audit trails, rule-based tagging, redaction control, end-user mailbox management, configurable permissions and more. There’s a whole lot more to it than that and it all involves legal data security.
If you would rather focus on your law (or medical) practice, not IT compliance, it makes sense to let the IT compliance experts at ThrottleNet give you a hand. We’re not lawyers or doctors, but our solutions for your IT compliance matters will make you feel a lot better if you require a complete IT compliance strategy.
We're specialists in compliance
In fact, no matter what business you specialize in, we’re specialists in the compliance requirements of that industry. Consider it risk management of your most sensitive and personal data. Now you have complete information security to not only avoid failing a security audit or compliance audit, but you can stop worrying about ways to avoid security breaches as well as data breaches. We’ve got all that covered for you.
Besides healthcare, medical practices and the legal industry, we help financial services companies, not-for-profit agencies, manufacturers, retailers, real estate agencies, professional services companies and any other organization that has compliance requirements that must be met.
Even if you believe your company is currently in non-compliance, but not quite sure, ThrottleNet knows your compliance requirements. We can put into place compliance program solutions that protect sensitive personal data. It’s peace-of-mind knowing we can help with your required information security needs with our expertise, insight and knowledge into everything from the Sarbanes-Oxley Act (SOX) and PCI-DSS to ISO 27001, Basel III and the Federal Information Security Act (FISMA).
Why IT compliance is important
There is so much to consider in the complex world of IT compliance. The solutions are just as varied and just as complex. For example, according to Digital Guardian as it relates to SOX compliance solutions, “Data classification enables security teams to more easily monitor and enforce corporate policies for data handling. Depending on the sensitivity of data and its applicable regulations, it may need to be encrypted, compressed, or saved to a different file format. With the correct policies in place, corporations can prevent unauthorized users, even those with administrative rights to the system, from viewing regulated data.”
We’re not saying you need to understand the inner workings of the data security solutions from ThrottleNet. What we do want to point out is that we understand your IT compliance requirements and we have the expertise (and the best IT minds) to help.
This means you don’t feel lost because we know the industry standards for security controls and how to implement these solutions for protecting your data. And your company. You might find our depth of expertise amazing. Our full scope of compliance knowledge also means we can answer your questions about HIPAA as it relates to the government mandated IT requirements. If you’re in healthcare, you will be glad to know we not only understand the importance placed on Electronic Personal Health Information (ePHI) storage, sharing and transfer, but we can make sure it’s all done in secure IT environments. This is essential for HIPAA compliance and to help avoid a potential audit.
It’s the small details of IT compliance regulations that we don’t miss because these can turn into big issues. We’re there for financial agencies that must meet SEC cybersecurity regulations to protect investors. Businesses also face the issues of how to handle and solve Governance, Risk Management & Compliance (GRC). How important is GRC? It’s mission critical to the growth of businesses everywhere. As CIO ¬– an online technology publication – explains,” A well-planned GRC strategy comes with lots of benefits: improved decision-making, more optimal IT investments, elimination of silos, and reduced fragmentation among divisions and departments, to name a few.” ThrottleNet will not only plan it out for you, we will make sure it’s implemented on time and within your budget parameters – all with a focus on your ROI.