© 2019 by Planet 9, Inc..

Why Information Security and Compliance are Important

Protecting sensitive data is a legal and moral obligation for all organizations.  Almost every company stores, transmits or processes sensitive data.  Companies handle Protected Healthcare Information (PHI), process payment information, and virtually every organization stores employee and customer Personal Identifiable Information (PII).  There are federal, state, and industry regulations that require businesses to protect regulated data by establishing appropriate processes and security controls.  Examples of such regulations include Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI DSS), and Gramm–Leach–Bliley Act (GLBA).  In addition to these regulations, many organizations have contractual obligations to protect data shared with them by their customers or business partners. Companies sharing data typically want assurances on the security program of their vendors and business partners. Furthermore, it is a moral obligation of the organization to protect data entrusted to it by consumers and employees.

 

The number of data breaches is on the rise and will continue to climb while sensitive data remains a prime target for cyber-criminals.  Every few months, several companies report substantial data breaches.  Even smaller-scale breaches that do not get news coverage happen almost every day.  As a result, the affected organizations lose customers, are penalized by regulators, suffer damage to their brand and reputation, and spend hundreds of thousands or millions of dollars on damage control and mitigation. While any organization can become a victim of cyber criminals or malicious insiders, implementing a robust Information Security program that proactively manages security and compliance risks will minimize the likelihood and impact of such events.

 

To help organizations protect data, we offer our knowledge and experience in all aspects of Information Security.