The Connection, Inc Blog

The Connection, Inc has been serving the New Jersey area since 1992, providing IT Support such as technical helpdesk support, computer support and consulting to small and medium-sized businesses.

3 Types of Regulations Your Business Should Be Aware Of

3 Types of Regulations Your Business Should Be Aware Of

Your business is likely subject to certain compliance laws and regulations depending on the type of data you collect from your clients or customers. Today, we want to emphasize the importance of your business considering regulation and compliance when managing its data and IT resources, as without doing so, you run considerable risk.

Consumer Personal Data

You probably collect certain information from your clients and customers, such as their names, emails, phone numbers, and so on. You might use this to provide better service to them, but collecting and holding on to this information means that you are subject to the General Data Protection Regulation (GDPR)—particularly if you collect personally identifiable information or sensitive information like Social Security numbers.

Financial Records and Transactions

You’re in business to make money, and in order to make money, you have to receive payments somehow. Therefore, the necessity for financial records and transaction ledgers is there. This might include tax documents, payment card information, bank account details, and so on, and they all require adherence to regulatory requirements. One that you’re likely to see is the Payment Card Industry Data Security Standard, or PCI DSS, which requires you to protect data from card payments in various ways. This might involve securing your payment portal, protecting and auditing the system, and ensuring that it complies with other laws.

Health and Medical Records

Healthcare and other health-related records are extremely private by nature, so they must be protected per the Health Insurance Portability and Accountability Act, or HIPAA. If you store information on patient demographics, medical history, treatment records, and insurance information, you need to protect it, period. To ensure data is transmitted and stored securely, you can use encryption, access control, multi-factor authentication, and other powerful security measures.

Take Responsibility for Your Data Security

Hackers will always take advantage of businesses that don’t take the time to consider cybersecurity, and when compliance fines and penalties are involved, you cannot afford to slip up. You have to accept the fact that your business is a target, and ready or not, the hackers will launch attacks at you until they get their way.

The Connection, Inc can help your business master cybersecurity and regulatory compliance. Call us today at (732) 291-5938 to learn more.

You Can’t Win ‘Em All, but You Can Be Ready
3 Success Metrics for Your Business Technology
 

Comments

No comments made yet. Be the first to submit a comment
Guest
Already Registered? Login Here
Guest
Saturday, 20 April 2024

Captcha Image

Blog Archive

2024
May
June
July
August
September
October
November
December

Mobile? Grab this Article

QR Code

Free Consultation

team work

Interested in seeing what we can do for your business? Contact us to see how we can help you!

Sign Up Today!

News & Updates

The Connection, Inc. Celebrates 32 Years as a Trusted Technology Provider!   Since our founding in 1992, technology and the way we operate and do business has changed a lot. Companies that have adapted and aligned themselves with ...

Contact us

Learn more about what The Connection, Inc can do for your business.

The Connection, Inc
51 Village CT
Hazlet, New Jersey 07730