US Federal agencies pass over thousands of new final rules annually. Typically, financial institutions have experienced the majority of regulatory mandates like Gramm-Leach-Bliley Act (GLBA), or other Security Exchange Commissions (SEC) and Federal Trade Commissions (FTC) industry regulations. Additional industries, such as healthcare with the Health Insurance Portability and Accountability Act(HIPAA) of 1996, have also been impacted by compliance demands. Many of these regulations relate, at least in part, to Information and Data Security.
This year Sarbanes Oxley Act (SOX) compliance has become a top priority for executives and shareholders of public companies (with market capitalization greater than $75MM). Many private firms considered "unregulated" are adopting SOX provisions to ensure their own practices are consistent with what is becoming the new standard for business conduct. In this regulatory era, all businesses are directly or indirectly impacted by these continuous rulings.
IDC Partners' services can help your company look beyond compliance as a discrete set of requirements. Rather, we can help your company leverage those efforts into an opportunity to improve business processes.
