Compliance or regulatory compliance is a phrase used throughout industries to refer to laws and policies that restrict or control particular products, services, or processes. Compliance requirements are federal, state, and local restrictions that limit how businesses can operate and are often enforced by government authorities.
What is SOC 1 compliance?
Maintaining all controls described in a SOC 1 report throughout a specified time frame is what is meant by “SOC 1 compliance.” In this case, SOC 1 Compliance guarantees the efficiency of SOC 1 controls. Common examples of SOC 1 controls are business process controls and IT general controls, implemented to boost confidence in their efficacy. Regarding regulations, a SOC 1 report may be necessary for publicly traded companies.
What does GDPR compliance mean?
Chapter 2 of the GDPR Compliance the guidelines for handling personal information. All personal information must be governed by these tenets to ensure that it is lawfully, fairly, transparently, purposefully, sufficiently, accurately, and limitedly processed. Data must be “processed in a manner that ensures proper security of the personal data, including protection against unauthorised or unlawful processing,” according to the “integrity and confidentiality” principle, which is relevant for the security of web apps and APIs.
What is the PCI DSS?
It was in 2004 when Visa, MasterCard, Discover Financial Services, JCB International, and American Express came together to create the Payment Card Industry Data Security Standard (PCI DSS). The Payment Card Industry Security Standards Council (PCI SSC) has established a compliance programme to protect consumers from identity theft and fraud while making purchases with their credit or debit cards.
Even though the PCI SSC lacks the power to enforce compliance legally, any company must comply if it accepts credit or debit card transactions. As a result of the trust that is established between a firm and its clients thanks to PCI certification, the former enjoys more success than the latter.
What is NIST 800-53?
Developed by the Commerce Department and the National Institute of Standards and Technology in response to the rapidly expanding technological capabilities of national enemies, NIST 800-53 is a security compliance standard. Information Technology Laboratory Recommendations are compiled (ITL).
Nonetheless, any business whose IT infrastructure handles confidential or regulated information can benefit from its recommendations. It offers a full suite of privacy and security settings to counteract everything from natural calamities to malicious attempts.
What is HIPAA Compliance?
The Health Insurance Portability and Accountability Act (HIPAA Compliance) was enacted in 1996 and significantly altered the structure and functioning of the American healthcare system. The law had numerous far-reaching implications, but the most significant for IT workers are the requirements that medical facilities protect their patient’s privacy and confidentiality when handling sensitive patient data.
ConclusionThe term “compliance standard” refers to rules established by an authoritative group, usually a government or an industry association. Before and after adopting a standard, some businesses try to cash in on the trend by advertising their wares as meeting the new requirements. Manufacturers of automobiles could promote their products as safer, for instance, before seat belts became mandatory.
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