Regulatory Compliance Services (PCI, SOX, HIPAA, GDPR)
At NNT, we can assist you so that your business is always adhering to the government regulatory compliance standards it’s subject to. Adherence to existing policies and industry best practices are just a small portion of what you have to account for when running your business, but you cannot afford to let it slip through the cracks. Failure to comply can trigger penalties, embarrassing public disclosure of breaches, and other potential damages to your business.
We understand the importance of maintaining regulatory compliance. We can help you evaluate your existing security practices against your business’s compliance requirements and provide you with a range of solutions that will lower your risk and ensure compliance. We use specialized auditing software that evaluates your current level of compliance. Once the audit is complete, our security specialists can provide you with recommendations to help you make more informed decisions on ways to resolve any issues and lower your risk.
Government Regulatory Compliances that May Affect You
PCI DSSMerchants who accept payment cards must comply with the Payment Card Industry Data Security Standard, commonly known as PCI DSS. This framework is designed to safeguard the personal payment data of customers when it’s stored, processed, and transmitted by the companies they do business with. Compliance with the PCI DSS can have serious benefits for businesses of all sizes, while failure to comply will likely result in negative results. It’s a fact that your company will have a hard time competing without a solution in place to accept credit cards as a payment. For more information, visit PCI DSS
SOXFor accountants that deal with publicly owned companies, ensuring your IT infrastructure is SOX-compliant is a must. The Sarbanes-Oxley Act (SOX) created an accounting and compliance framework to which publicly owned companies must adhere to. In regards to technology, a SOX-compliant infrastructure is the creation and maintenance of a secure computing system that allows privacy for secure transfer of financial information directly to accountable parties (i.e. Company officers). The creation of this infrastructure must meet the requirements of a SOX third-party auditor. The protection against the misrepresentation of revenue often lays on the shoulder of a company’s technology. For more information, visit SEC.gov
HIPAAThe standard for protecting sensitive patient data is set by the Health Insurance Portability Act (HIPAA). HIPAA advocates for the security and privacy of personal medical information. If your company is involved in the transaction of health data, you know the importance of ensuring that this data is safe and protected from accidental release or intentional hacking. HIPAA regulations have become more stringent over time with the adoption of the HITECH act, which is seen as an advance in healthcare IT and lays the foundation for widespread use of electronic health records. For more information, visit hhs.gov
GDPRThe General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU). This regulation that took effect on May 25th 2018, requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. And non-compliance could cost companies dearly. For more information, visit the European Commission