There are several industries, such as healthcare and finance, that need to adhere to specific compliance requirements set by the federal government.

Many of these requirements deal specifically with information systems and technology. Also, if your company accepts credit cards, you almost certainly will have to follow Payment Card Industry (PCI) standards to keep your customers’ data safe.

HIPAA – HIPAA, or the Health Insurance Portability and Accountability Act, sets national guidelines and standards to safeguard the privacy of personal health information. More information on HIPAA can be found here.

SOX – SOX, or the Sarbanes-Oxley Act of 2002, is a US federal law that increased standards for US company boards, management, and public accounting firms.

Both of the above Acts have similar requirements when it comes to IT, namely that sensitive client data is protected from unauthorized access and/or theft. There are also requirement for the archiving of messaging services like email and instant messengers, as well as the secure storage of backups. RED74’s consultation services can uncover any existing exposure or shortcomings in your system that would put you out of compliance with these requirements, and we can implement solutions to ensure that you remain compliant going forward.

PCI – The Payment Card Industry Data Security Standard (PCI DSS) sets forth requirements for all companies that process, store, or transmit credit card information, and insists on the maintenance of a secure environment for those companies. The companies themselves are responsible for maintaining compliance, which can include features such as encryption, firewalls, and restricted physical access to data. There are several levels of compliance based on the number of transactions performed per year, but all companies that process credit cards need to comply with many of the requirements. RED74 can assess your company’s compliance with regard to PCI, and can help implement regular PCI vulnerability assessments, as well as help compliance officers for your business to submit any required reporting. We can also address any current exposure, and put solutions in place to satisfy PCI requirements.

GDPR – The General Data Protection Regulation (GDPR) is a regulation enacted by the European Union and its intent is to protect the data privacy of EU citizens.  These regulations apply to any entity that accesses or stores the data of EU citizens, not just companies located within the EU.  It is paramount that GDPR-compliant organizations be able to ensure data privacy through methods such as encryption and the ability to securely wipe specific data.

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