Nerdssupport
Here are a few things to keep in mind when trying to understand compliance.
Compliance when dealing with cloud computing can be an issue for those using cloud storage or backup services. When you transfer data from your internal storage to a cloud provider’s you must examine how that data is stored so that you stay in compliance with laws and regulations. Financial cloud computing, for example, requires IT Sox compliance to ensure quality of service.
Service organizations, like financial advisers and accounting firms, are required to meet compliance requirements. The two most common compliance frameworks are SOC 1 and SOC 2. But what exactly are they? More importantly, how does SOC I and SOC II work exactly?
If you’re in a service industry, chances are you’ve run into the term SOC compliance. Some of you may have undergone a SOC I or SOC II compliance audit.
As remote work becomes increasingly more popular companies are choosing to adopt managed IT services and cloud based platforms.
However, even companies that undergo SOC compliance don’t consider how important it is when choosing a managed service provider.
Regulatory compliance is a dull subject. Yet, if your financial services institution or business ignores or isn’t aware of it –it could cause problems.
Just as the title above suggests – contrary to popular belief, doctors and hospitals aren’t the only ones bound by HIPAA law. HIPAA was created in 1996 to ensure an individual’s health record was theirs to share and theirs alone. Thereby, HIPAA law extends to any organization involved with an individual’s medical records, including:
