Regulatory compliance are laws and regulations that control the cyber world and force standards that create more orderly and structured environment. All companies need to obey these regulations while performing different IT operations. This might mean additional operational costs and unforeseen restrictions.
Potential data breach is one of the main issues with regulatory compliance. A company should have policies in place and established procedures to ensure that each employee obeys them. Needless to say this is an ongoing process and procedures should be updated accordingly with changing equipment and standards. There is no room for lax policies or loose ends.
NYDS always strives to obey laws and regulations that govern the IT industry. There are three entities that steer our plan of action in terms of security and regulatory compliance. These are PCI, HIPAA, and SOX.
Since all our clients deal with credit card transactions we have to ensure that security standards for any credit card related actions are PCI (Payment Card Industry) compliant.
Because NYDS provides IT services, we make sure to be in compliance with HIPAA regulations. Regulatory compliance, protecting health data and private sensitive information of patients is our goal when dealing with healthcare services.
Finally, we keep in mind and abide by the regulation described in Sarbanes’Oxley Act of 2002, commonly referred to as SOX, establishing high level data security goals.