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What Compliance Reporting is Your Business Required to Do?

Does your business require more compliance than others in different industries? This is because protecting important data is regulated by the government and agencies, which have implemented laws, requirements and regulations. Let’s look at how businesses must prove their compliance through a process called compliance reporting.

What Is Compliance Reporting?

If your organization is required to adhere to certain regulations and standards, a compliance report establishes that you are doing what you are supposed to be doing. Governing authorities need to make sure you are following the rules and a compliance report is an easy way to make certain. As a managed service provider, MyTek is mostly concerned with your compliance standards related to your company’s IT and the data contained within it.

Compliance Reporting Standards

Here are some industry-specific standards your organization might need to report on:

  • Health Insurance Portability and Accountability Act (HIPAA): A person’s health information is protected and safeguarded through HIPAA.
  • National Institute of Standards and Technology (NIST) Cybersecurity Framework: Security best practices, which help minimize risk is upheld through NIST.
  • Payment Card Industry Data Security Standard (PCI DSS): All businesses tha accept card payments must protect card information through PCI DSS.
  • General Data Protection Regulation (GDPR): Citizens of the European Union and their information is protected by GDPR.

There are many other regulations put into place but these are some of the most vital ones for you to know about.If these aren’t unkempt, business can face penalties and fines.

Need Help?

As mentioned, Mytek can help your business maintain compliances, especially those that affect your IT and data. Give us a call at 623-312-2440 to learn more about compliance reporting and more.

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