What would be the financial impact on your company if data access is interrupted for a day, a week, a month?
Do day-to-day business functions rely on access to critical data?
Does your computer system (and its stored data) directly generate income for your company?
Identity theft has become a major security concern to the finance and insurance industries. Today the perpetrators are more organized and because the potential rewards are greater, the crime is on the rise.
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Privacy and security of individual's medical records and the government regulations regarding this issue has had the greatest impact on the IT industry since Y2K. Many medical facilities have waited to the very last minute to comply with federal mandates.
September 11th has forever changed the level of federal government involvement in state/local governments and businesses throughout the U.S., if not the world. Regulations are being developed and amended all the time that will affect our security and the related costs.
Stricter laws and regulations will require new levels of legal expertise. To enforce these new policies, large fines and prison sentences will force businesses to take a hard look at their legal options and be compelled to implement stricter business practices.
How do you continue to grow your business within these new government guidelines? Balancing the everyday cost of operations with the addition of new equipment and personnel to meet these guidelines will be challenging and expensive.
The simple fact is that most companies are still unsure about how to comply with the various sections of the Sarbanes-Oxley Act.
The Privacy or Consumer Financial Information Rule of the Gramm-Leach-Bliley (GLB) Act requires that financial institutions take steps to ensure the security and confidentiality of their customers' non-public, personal information.
All healthcare organizations and related entities must implement complete and effective security solutions that will protect their valuable information assets.
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