HIPAA, FINRA, SEC, and PCI Compliance - What Does It All Mean?
In today’s market, it seems that all professional fields are inundated with acronyms, and IT may be the worst offender. However confusing they may be, what the above acronyms stand for is incredibly important and how they help to provide secure, safe, and fair practice is essential to their respective industries.
HIPAA - Health Insurance Portability and Accountability Act
The Health Insurance Portability and Accountability Act (HIPAA) established the standards and rules for protecting patient data. If your company deals with protected health information, then you know how important HIPAA is. Affinity will work with you to ensure that you are compliant with the required physical, network, and process security measures.
FINRA - Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) regulates the financial industry (specifically brokerage firms and brokers) and supervises the stock market and securities industry. FINRA is overseen by the SEC (see below). Non-compliance with FINRA can have serious, long-lasting implications. If your company works within the financial industry, let Affinity’s outsourced IT support services ensure that you are meeting their rules and regulations.
SEC - Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) was established to support capital formation, protect investors, and oversee market operations. If your business works within the field of securities and exchange, you should be familiar with the SEC’s Office of Compliance Inspections and Examinations (OCIE) and its regulatory processes. Similar to FINRA, non-compliance with the SEC can have detrimental repercussions for your business. Affinity is a knowledgeable resource to help you navigate SEC compliance requirements.
PCI - Payment Card Industry
When someone speaks of compliance to the Payment Card Industry, they are typically referring to the Payment Card Industry Data Security Standards (PCI DSS). PCI DSS was designed to safeguard consumers and businesses alike by mandating that secure environments are maintained by companies that accept, process, store, and/or transmit credit card information. If you are one of the many businesses that fall under PCI DSS, we can help you meet their security requirements.
Overwhelmed by Compliance - Affinity Can Help
No matter your industry or what your standards are, never run the risk of falling out of compliance. Let our team of IT consultants review your current standings and work with you to develop long-term solutions around ensuring and maintaining compliance. We’re here to ensure that your business is running as efficiently as possible. IT outsourcing with Affinity will free you up to do what you do best: run your business.
Find Out How Affinity’s Team, Experience, and Reputation Can Help Your Business
Since 2002, Affinity has been the go-to for IT solutions for business of all sizes in Nashville, Tennessee and beyond. We have made it this far and developed the reputation we have in this highly competitive industry by consistently providing high-quality IT support and by employing a team of highly trained, experienced, and personable technical consultants. We take the time to get to know your company and your company’s needs so that we can provide you with a personalized service from start to finish. We are in it for the long run, and therefore are always taking into consideration what is best for your company’s growth, now and in the future.
Contact Affinity Technology Partners
Outsource your individualized IT compliance solutions to an experienced team that listens, cares, and delivers. Give us a call or schedule an IT service consultation online to find out how a partnership with Affinity can help your business today.