Why Compliance Makes For Good Business

Millions of companies fall under specific industry IT security and privacy regulations such as PCI, HIPAA and GDPR. However, those not REQUIRED to be in compliance with these standards should act is if they are – being in compliance is good security and data privacy discipline.

There are many areas of liability and risk that come from not protecting data. You can be sued by customers or partners, run afoul of an increasing number of state and federal laws relating to data privacy and data breaches, be in violation of contracts, fail to meet industry or licensing requirements, or not live up to the terms of various insurance policies.

Compliance as a Business Enabler and Customer Confidence Booster

Instead of thinking of compliance as a bureaucratic and IT hassle that adds no value, think of compliance as a business enabler and positive influence. Good compliance reduces risk and creates a culture of ethics, fairness, corporate governance, and customer care.