Beginning this month, Reciprocity will highlight companies that have earned compliance certifications for information security frameworks. Here’s our May 2020 roundup of compliance news from around the United States, and around the world.
While keeping data safe from modern cyberthreats is difficult enough, you also have to keep in mind compliance with common regulations, i.e., ensuring your company’s compliance to SOX, which deals with transparency in disclosures from public companies. Nowadays, it’s not enough for businesses to rely on dismissive financial documents that satisfy the intermittent audit; you need to level up your game, and create detailed day-to-day records of activities.
The Health Information Technology for Economic and Clinical Health Act (HITECH Act) was signed into law as part of the American Recovery and Reinvestment Act (ARRA) in 2009. The HITECH Act encourages the meaningful use of electronic health records (EHRs) by healthcare providers and their business associates.
Regulatory compliance is continuously evolving, which makes it increasingly imperative that everyone involved in the Compliance Management System (CMS) understand their responsibilities. Various sectors mandate oversight, including healthcare, finance, and cybersecurity. It is also a foundational business practice to safeguard company reputation and demonstrate integrity to consumers and the public. Compliance management is a top-down system, like most workplace cultures and business processes.
