The advancement in technology has given rise to a multitude of cyber threats not just for individuals but for companies as well. As of 2023, hacker attacks occurred every 39 seconds and the cost of a breach was $4.45 million, the highest ever recorded. Cyber security has therefore become an increasingly prominent priority recently—and rightfully…
We’ve all been there—trying to manage multiple business challenges at once without a proper roadmap. Keeping up with industry and state regulation is a necessary hurdle to success. Thankfully, compliance frameworks, like a pre-packed solution; help you put pieces of the regulatory challenge together. In this article, we understand what a compliance framework is, the…
The most common HIPAA budgeting mistakes include underestimating the costs of certification, overlooking the need and costs of ongoing compliance and not updating budgets regularly. This in turn poses a challenge for founders to balance HIPAA certification costs with other business priorities. From preliminary prep work to audit expenses and post-audit maintenance, the costs can…
A modern organization today is characterized by various cross-functional departments with information technology intricately interconnected to each function. The interwoven landscape has, on the one hand, enhanced operational synergies, but at the same time, it has increased the risks of security failures and cyber threats. This reality has caused a surge in regulatory scrutiny and…
Imagine this. You’re a top executive in the finance department of the company. One day, you receive an email from your CEO’s email address explaining in great detail a scenario that resulted in him not being able to login to one of your databases. Nothing really seems to raise an alarm. The domain name looks…
Businesses are under immense pressure to safeguard the sensitive data they collect. While managing a massive amount of data can be an immense challenge, they must also remain compliant with the system of laws that govern and regulate such functions. Privacy management is an integral part of data security laws and as with every law…