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Attain Regulatory Compliance with Enterprise Compliance Management Software Today enterprises, both big and small, need to conform to various regulations in order to make their business environment safe and secure. Let’s look at some important regulations, the need for compliance with these regulations, and the means of achieving compliance. HIPAA Compliance The Health Insurance Portability and Accountability Act (HIPAA)was enacted at a time when the healthcare system was rampant with fraud and abuse. When it started getting out of control, the federal government had to step in not only to protect patient information but also to defend interests of the workers, when they change or lose their jobs. HIPAA compliance is necessary for any person or institution that directly or indirectly deals with patient health information (PHI). ISO 27002 Compliance With most of the transactions happening online, there is a huge risk of data being compromised. If the enterprise fails to implement effective security measures, it leads to data breaches and data thefts.One such incident is enough for the enterprise to lose its reputation and goodwill. ISO 27002 compliance helps the enterprises in proving that information security practices are stringently followed and that their information is secure in accordance with an internationally recognized standard. GLBA Compliance The Gramm-Leach-Bliley Act (GLBA) was enacted to “enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.”Besides, it also protects the consumers' nonpublic information or personally identifiable information. GLBA compliance is necessary as it safeguards information from foreseeable threats in security and data integrity. PCI Compliance The Payment Card Industry Data Security Standard (PCI DSS), an information security standard for organizations that handle cardholder information,was enacted to reduce credit card fraud via its exposure. PCI DSS compliance is necessary since one slip or compromise could result in huge financial and brand-image losses . Today’ business environment is highly volatile and therefore enterprises have no other go but to conform to these regulations. This can be easily done with the help of enterprise compliance management software that includes all of the security and IT-GRC functions required to achieve compliance. It simplifies and reduces the time required for regulatory compliance and certification processes, while providing complete end-to-end automation of all security, compliance, audit, and risk management needs. Hence, enterprises must invest in effective compliance management solution, as it not only helps them to meet appropriate IT compliance requirements but also to focus on their core business. Also read on - vendor management, threat management, PCI compliance


Attain Regulatory Compliance with Enterprise Compliance Management Software