The Health Insurance Portability and Accountability Act (HIPAA) is a data privacy and security regulation for the healthcare industry. It is a comprehensive regulation that ensures your organization complies with the requirements of HIPAA. Organizations looking to achieve HIPAA Compliance must meet the requirements outlined by the regulation. Further, failure to comply with HIPAA regulations may result in substantial fines, especially in case of an incident data breach.
Looking for tools and technologies to help protect your government agency or public sector organization from cybercriminals can be intimidating. Luckily, the Federal Risk and Authorization Management Program (FedRAMP) has made the selection process more manageable. Government organizations can use the FedRAMP marketplace to find and compare credible and secure authorized vendors.
Since working on a spreadsheet, you and your team have come a long way. You’re enjoying the ease of working in TrustOps because it automates control mapping, test creation, and evidence workflows. However, you’re looking for ways to save a bit more time, so you can focus on your day job and growing list of priorities. Collecting evidence to validate compliance controls takes time and affects your team’s productivity, including HR, IT, and DevOps.
Keeping data under lock and key might sound like a simple task - but in reality, many businesses leave sensitive information under the misconception that it is safe. For many, it is a major challenge. According to Statista, the number of annual data breaches of exposed records exceeded 155 million records in 2020. The average cost per record breach is $150. While this may not feel too impacting, Research by IBM in 2019 found that the average breach involves 25,575 records.
Keeping up with ever-changing regulatory requirements for cybersecurity can prove difficult for many organizations, which may unknowingly become non-compliant if they fail to adapt to new laws and regulations. Healthcare organizations and financial services must be even more vigilant with compliance. Both sectors are subject to even stricter requirements due to the large quantities of personally identifiable information (PII) they manage.
The importance of cyber security compliance training cannot be underestimated, especially in the current era where we are seeing an increasing number of cybercrimes in the industry. As a business owner, conducting cybersecurity compliance training is now not just an option but an essential part of cybersecurity and various compliance programs. Unfortunately, most businesses are still far from taking such training programs seriously.