For many business owners, everything about compliance can seem intimidating at first. To further complicate things, federal and international regulations are always being altered or added, leaving many organizations left with the task of keeping up. The alternative, however, could leave you facing steep fees and other consequences you shouldn’t have to worry about on top of everything else.
With a little foresight and planning, your business can anticipate potential compliance roadblocks and figure out a way to steer clear of them. By learning about common problems that organizations face regarding HIPPA, PCI, SOX and other regulations, your business will be in a better position to identify and avert them going forward.
Consider the Top Five Compliance Challenges:
- Protecting Sensitive Data: Patients and customers are counting on you to keep their private information safe from prying eyes and hackers. Federal regulations are designed to keep records where they belong and prevent cybercrimes and data breaches from wreaking havoc on businesses and individuals. The key to staying compliant is thinking about everything that could go wrong beforehand, which is easier to do with a solid IT infrastructure.
- Keeping Software Up to Date: It may seem like most software is being automatically updated these days. The truth is that you don’t have to go too many days without restarting your machines to experience gaps in protection. In many cases, once an alert has been issued, it’s up to users to take action and install the patch or update themselves. Educating your workforce about the importance of alerts is another way to ensure your business is adhering to regulations.
- Handling Mobile Devices: Since the bring-your-own-device (BYOD) lifestyle is here to stay, it’s clear that maintaining compliance is going to involve more than just securing the technology in your brick-and-mortar buildings and the communication that comes in and out of it. In addition to protecting your work-issued phones, laptops, tablets and other work devices, it is critical that you manage every mobile device that accesses your network remotely. Failing to do so could lead to costly consequences for businesses that are already struggling to maintain compliance.
- Managing Electronic Data Interchanges (EDI): As more business is conducted online and more organizations migrate to the cloud, it is becoming necessary for organizations to take action to protect customer information transferred between computers. Whether you’re transmitting healthcare records or sensitive financial data, protecting electronic data is the only way to stay compliant. EDI compliance is best managed by professionals and software that can help you avoid receiving hefty fines, losing valuable customers and even suffering from potential legal action.
- New Technology: Because everything is connected through the Internet of things (IoT), your business has to find ways to accommodate — and then secure — new, interconnected technology and the data that is generated along with it. Each technical innovation has the potential to introduce new roadblocks to compliance, so don’t forget about IoT security standards when planning for the future.
While it is nearly impossible to anticipate every compliance obstacle that may come your way, you should be prepared to handle as many of them as possible. Being proactive now means that you’ll enjoy peace of mind later.
Connect with Experts
When you are running a company, staying compliant is always on your mind. But it doesn’t have to be that way. Compliance is easier when you are partnered with a reliable MSP who can shoulder some of your most daunting tasks while you focus on growing your business. Avoid noncompliance by bringing in professionals who know the ins-and-outs of your industry and can deliver the compliance IT services you need. Contact us today to position yourself for stability and success.