HIPAA compliance can be one of the most challenging tasks a company undertakes, and failure to comply is the most impactful and punitive in terms of fees and penalties. Many new organizations getting into compliance might, in turn, feel overwhelmed by the requirements of the framework and the three primary HIPAA rules.
Here, we’ll breakdown the basics of HIPAA compliance for new organizations and what they need to think about in preparing for a compliance strategy.
The term “future-proofing” is often overused in business, especially when it relates to topics like security and resiliency related to cloud technology. The truth is that there is no real way to future-proof an organization. It is possible, however, to recognize the critical and dangerous cybersecurity gap between your security and the threats present in the wild.
What is the cybersecurity gap? It is the separation between real and present security threats and a business’s security and risk mitigation capabilities. Thousands of companies are at risk of a data breach due to hacks and non-compliance. These businesses need to take a proactive and comprehensive approach to GRC in 2021.
Governance, Risk, and Compliance (GRC) is a necessary, and often complex, aspect of many industries. Businesses operating in healthcare, government, financial services, retail, and others know that compliance is a cost of doing business. At the same time, more companies have begun to understand that a GRC solution can contribute to their business success, rather than just being another hurdle to jump over.
Here, we’ll open the doors for what it means for a company just beginning their compliance journey’s to think about GRC tools. It’s a lot of planning and organizing, but with that comes new security partnerships and a modicum of control over how your organization handles security and risk in almost any industry.