Understanding IT Security And Compliance Management Policies by eGestalt


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									                  Understanding IT Security and Compliance Management Policies

The modern day complex and competitive business environment has compelled the U.S state and federal agencies
to act to avert inaccurate reporting, privacy breaches, corruption and other fraudulent activities prevalent in the
industry. The increased rate of these incidents had made the government to act strict by implementing rigid
policies such as HIPAA, HITECH, ISO, PCI and many more.

With the government regulations becoming stricter today than ever, organizations are left with no option but to
make sure that all the IT compliance criteria are fulfilled. Let us have a look at some important regulations and
understand their implications.

Known as the Health Insurance Portability Act, (HIPAA), towards securing the health insurance coverage of
employees and their families, when they change or lose a job. The act takes into consideration the privacy and
security aspect of the patient health data, by motivating the use of electronic data interchange and improving the
health care system efficiency.

ISO, i.e. the International Organization for Standardization helps in setting up voluntary international standards to
make sure that the services and products are reliable, secure and of high quality. For businesses, it acts as a
strategic tool that enables cost reduction and maximizes productivity.

PCI DSS known as the Payment Card Industry Data Security Standard is an information security regulation for
keeping a check on credit card forgery. PCI compliance is crucial for those companies that process, store and
transmit credit card data.

HITECH, i.e. the Health Information Technology for Economic and Clinical Health Act was enacted in 2009 as a part
of the American Recovery and Reinvestment Act. HITECH takes into consideration any security and privacy concern
related to electronic transmission of health data. HIPAA and HITECH compliance are essential, keeping in mind the
increasing amount of health care frauds.

There are various compliance regulations, policies and standards that organizations are required to adhere for
averting any kind of penalties. With the help of efficient enterprise compliance management solutions,
organizations can:

         Reduce financial and legal concerns through compliance
         Attain greater accountability and efficient governance
         Automate security, assessment, compliance, audit, risk and vendor management needs
         Streamline and minimize the time needed for regulatory compliance and certification process

Therefore advanced IT security and compliance management solution with inbuilt frameworks for every security
and compliance frameworks and other allied country-specific regulations, demystify complex regulations and

Read more on - IT compliance and security, HIPAA compliance, SecureGRC

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