The second you hear “audit,” your brain likely goes into damage control mode. However, the purposes of an audit are not necessarily malicious. In fact, they can be remarkably beneficial for a number of reasons, including network security. A good audit can help your business stay secure from threats and vulnerabilities.
No matter what type of business you run or the services you provide to the community, chances are you must adhere to at least some compliance laws and regulatory requirements dictated by state or federal governments. Today, we want to make it abundantly clear that you must protect your business’ data to avoid inadvertently becoming subject to the massive fines associated with these laws.
In today’s interconnected world, an organization dedicated to fraud protection like the United States Federal Trade Commission is vital, especially when you consider how advanced digital technology has become and continues to grow. The FTC works to ensure consumer data stays protected by the businesses to which they entrust it. Let’s look at the Safeguards Rule and what your business should know about it.
Despite what detractors say, regulations are in place for good reason. They typically protect individuals from organizational malfeasance. Many of these regulations are actual laws passed by a governing body and cover the entire spectrum of the issue, not just the data involved. The ones that have data protection regulations written into them mostly deal with the handling and protection of sensitive information. For organizations that work in industries covered by these regulations there are very visible costs that go into compliance. Today, we look at the costs incurred by these organizations as a result of these regulations, and how to ascertain how they affect your business.