LA Cali Tech understands the importance of adhering to, and maintaining compliance. Adherence to existing policies and industry best practices are just a small portion of what you have to account for when running your business. It’s up to you to keep up to date and address any compliance requirements. Expert advice coupled with the right technology can help. Don’t risk triggering penalties from compliance failures. We can help you to evaluate your existing security practices against your business requirements and objectives to help you make more informed decisions about the allocation of your resources to enhance your ability in managing security risks and compliance.
Understanding PCI DSS
Merchants who accept payment cards must comply with the Payment Card Industry Data Security Standard, commonly known as PCI DSS. This framework is designed to safeguard the personal payment data of customers when it's stored, processed, and transmitted by the companies they do business with. Compliance with the PCI DSS can have serious benefits for businesses of all sizes, while failure to comply will likely result in negative results. It's a fact that your company will have a hard time competing without a solution in place to accept credit cards as a payment.
For accountants that deal with publicly owned companies, ensuring your IT infrastructure is SOX-compliant is a must.The Sarbanes- Oxley Act (SOX) created an accounting and compliance framework to which publicly owned companies must adhere. In regards to technology, a SOX-compliant infrastructure is the creation and maintenance of a secure computing system that allows privacy for secure transfer of financial information directly to accountable parties (i.e. Company officers).
The creation of this infrastructure must meet the requirements of a SOX third-party auditor. The protection against the misrepresentation of revenue often lays on the shoulder of a company's technology.
The standard for protecting sensitive patient data is set by the Health Insurance Portability Act(HIPAA). Just as the Sarbanes-Oxley mandates the integrity of financial data, HIPAA advocates the security and privacy of personal medical information. If your company is involved in the transaction of health data, you know the importance of ensuring that this data is safe and protected from accidental release or intentional hacking. HIPAA regulations have become more stringent over time with the adoption of the HITECH act, which is seen as an advance in healthcare IT and lays the foundation for widespread use of electronic health records.