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Compliance Standards
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Compliance Standards

Ensure that your business adheres to federal, state, and industry regulations

Non-Compliance to Industry Standards Isn’t a Viable Option

Whether they are put in place by federal, state, or industry regulators, compliance standards aren’t something that a business can ignore. 

Regulatory standards and frameworks serve as strict rules for organizations to follow to protect the public. Neglecting responsibility to follow them carries significant shortcomings for a business, including regulatory fines, stripped permissions, and bruised reputations. There are a few standards that apply to everyone, including:

  • The Payment Card Industry Data Security Standard (PCI DSS) - This standard, designed and governed by credit card companies, applies to anyone who processes, stores, or transmits payment card data.
  • The Health Insurance Portability and Accountability Act (HIPAA) - This 1996 law establishes standards for the storage and transmission of protected health data and patient information.

In addition to these, there are many other compliance regulations and frameworks that could very well impact a business, depending on its industry and processes:

  • The Sarbanes-Oxley Act (SOx) - Passed in 2002, this law was implemented to ensure responsible accounting and reporting for publicly traded companies.
  • The California Consumer Privacy Act (CCPA) - This law lays down assorted requirements for any organization that does business in the state of California or processes the data of its residents.
  • The General Data Protection Regulation - A data privacy law implemented by the European Union protects consumer data from being collected and shared by any business that operates inside the EU.

With data privacy becoming an important consideration around the world, additional regulations are sure to be created aiming to give individuals more control over their personal information. The regulations listed above are just a small sample of the most cited regulations that apply to U.S.-based businesses. The potential cost of non-compliance with any regulations you are obligated to function under can considerably damage your business.

Unfortunately, maintaining compliance isn’t exactly cheap, but it is extremely cost-effective compared to the litany of legal fees, fines, and lost business if your business is found to be functioning outside of the regulatory guidelines

How We Can Help You Remain Compliant

Experience and technical excellence can keep your business in line with regulatory mandates.

Our experienced team is familiar with regulatory guidelines and how to meet the technical requirements outlined by many compliance directives. We’ll perform a comprehensive assessment, identify what needs to be done to mitigate any shortcomings and move to mitigate any compliance issues your organization may have.

Once our team has attended to these needs, you’ll be prepared for any official audits or inquiries that you may be subject to.

Don’t let your business’ noncompliance deprive you of greater business opportunities.

Reach out to CoreTech today to talk to our professionals about your compliance needs and what we can do to address them. Give us a call at (270) 282-4926 or complete the form on the page to get started!

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Understanding IT

IT can be a complicated thing - trust us, we know. With so much terminology and moving parts to keep track of, there are a lot of concepts that can be tricky to grasp without a little guidance. We’re here to provide this guidance with a few brief guides to key IT topics. Check them out here.

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Learn more about what CoreTech can do for your business.

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(270) 282-4926

1711 Destiny Lane
Suite 116

Bowling Green, Kentucky 42103