The Critical Role of Data Quality in Regulatory Compliance

By |2024-11-11T16:15:26-05:00October 23rd, 2024|article, Blog Archive, Data Compliance|

You know that data is an important part of your business—and you also know that data errors can be costly. They can additionally get you in a world of trouble with the government. That’s why as a business owner, the critical role of data quality in regulatory compliance is something you simply can’t ignore. There are numerous data regulations that can affect businesses. Whether you’re concerned about GDPR, SOX, or HIPAA, you want to ensure that your data is always up to standard. Continue reading for a look at the ways data quality can impact regulatory compliance. Accurate Reporting From

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Complying with CPRA: A Brief Overview for Business Leaders

By |2024-09-09T17:27:08-04:00August 29th, 2024|article, Blog Archive, Data Compliance, Privacy|

The California Privacy Rights Act (CPRA) took effect in January 2023, replacing the California Consumer Privacy Act (CCPA) and providing consumers with unprecedented rights over their personal information. For businesses, complying with CPRA means upholding a new standard of transparency and accountability. This guide will help. NOTE: This overview is intended to provide a general understanding of how to achieve CPRA compliance. For specific legal advice, consult with a qualified attorney or privacy expert. First, know whether the law applies to your business. Businesses that collect or process personal information of California residents and meet one or more of the

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9 Best Practices to Prevent a HIPAA Breach and Preserve Patient Privacy

By |2024-08-21T19:34:58-04:00August 21st, 2024|article, Blog Archive, Data Compliance, Privacy|

The Health Insurance Portability and Accountability Act (HIPAA) sets a high bar for protecting sensitive patient data. While no method can guarantee complete safety, incorporating several key strategies will significantly reduce risks and help to prevent a HIPAA breach. Lay a Strong Foundation Preventing HIPAA data breaches begins with incorporating basic practices designed to reduce vulnerabilities and strengthen the data environment. Regular risk assessments Typically, a risk assessment begins with an inventory of protected health information (PHI), as well as of the information systems that support this data. It also includes the processes, policies, and security controls that determine data

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Role of Data Privacy in Data Analysis Critical to Proactive Business Strategy

By |2024-08-26T14:41:32-04:00August 14th, 2024|article, Blog Archive, Privacy|

Data analytics has emerged as an essential component of business success, driving efficiency and innovation. On the one hand, today’s regulatory environment appears to place obstacles in the way of companies seeking to capitalize on the promise of big data. But savvy business leaders understand the critical role of data privacy in data analysis. At its core, data privacy involves proper treatment of sensitive data. This certainly entails keeping data secure. But it also necessitates respecting the right of individuals to control how their personal information is used and shared online. And it requires transparency about data handling practices. Maintaining

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Assessment for GDPR Compliance Crucial to Mitigate Risks to Protected Data

By |2024-08-07T14:16:34-04:00August 7th, 2024|article, Blog Archive, Data Compliance|

For the millions of companies globally that handle data of European residents, GDPR compliance mandates careful attention to data protection. One key aspect of this regulation requires that companies conduct an assessment for GDPR compliance known as the Data Protection Impact Assessment (DPIA). The DPIA process involves a risk assessment specifically tailored to strengthening data protection. Using the DPIA, the organization assesses the data protection risks involved in a project and proposes mitigation measures. This improves project design while helping to ensure compliance with GDPR and other privacy laws. How to Know if You Need an Assessment Under GDPR requirements,

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Key PII Compliance Steps for Data Protection: Reduce Risk and Increase Customer Trust

By |2024-07-22T16:13:21-04:00July 11th, 2024|article, Blog Archive, Data Compliance|

In today’s business environment, organizations must pay special attention to the protection of personally identifiable information (PII). Regulatory compliance has become not simply a legal obligation but also an essential component of increasing public trust and mitigating risk. Thus, understanding key PII compliance steps for data protection is critical for business success. Step 1: Know the Laws and Regulations Failing to comply with privacy laws and industry-specific regulations can result in hefty fines, as well as loss of trust and damage to brand reputation. But you cannot comply with a regulation you do not understand. Consequently, ensuring PII compliance begins

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How to Develop a Strategy to Manage Legacy Data and Improve Data Value

By |2024-06-10T18:02:12-04:00May 22nd, 2024|article, Blog Archive, Information Governance and Management|

Every organization holds legacy data trapped in obsolete formats or systems. This introduces compatibility issues and security concerns. However, regulatory requirements often mandate retention of legacy data, and much of the information may still carry value. Data teams must develop a strategy to manage legacy data and thus keep it secure, compliant, and accessible. Trapped in obsolete formats and archaic systems, legacy data presents a multifaceted challenge. Important information may become inaccessible, resulting in knowledge gaps and reduced efficiency. Also, maintaining legacy data can prove difficult and costly. Finally, lack of visibility and proper security opens the door for data

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Your Business Checklist for SOX 404 Compliance: A Guide for Information Technology Leaders

By |2024-05-24T17:02:25-04:00May 15th, 2024|article, Cyber-Security, Data Compliance|

The Sarbanes-Oxley Act (SOX) of 2002 applies to all publicly traded companies and mandates strict controls around financial data. Section 404 of SOX can prove particularly complex, and in today’s digital landscape, addressing these requirements necessitates substantial IT involvement. This business checklist for SOX 404 compliance will help ease the process. SOX requires that companies establish internal controls over financial reporting (ICFR). However, it stops short of outlining specific practices. Thus, several frameworks have emerged over time to help companies organize their compliance efforts. These frameworks tend to include several key elements of particular importance to IT efforts: Risk assessment

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5 Important Ways GDPR-compliant Software Helps US Businesses

By |2024-04-22T16:09:45-04:00April 17th, 2024|article, Blog Archive, Data Compliance|

For the average US company, GDPR may seem half a world away and irrelevant. However, this “shot heard round the world” introduced an era of data privacy with far-reaching implications. Whether or not your business targets European Union (EU) residents, GDPR-compliant software helps US businesses in several unexpected ways. GDPR-compliant software addresses key areas that include the following: Data protection principles – Software solutions should have a specific purpose for the data they collect. They should collect only necessary data and use the data solely for the stated purpose, removing it when no longer needed. User rights – The software

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Navigating the Labyrinth: Top 6 Compliance Mistakes Organizations Make

By |2024-04-03T09:19:01-04:00February 28th, 2024|Blog Archive, Data Compliance, Information Governance and Management, Technology|

In today’s complex regulatory landscape, staying compliant feels like negotiating a maze. One wrong turn can lead to hefty fines, reputational damage, and legal repercussions. However, when companies understand common compliance mistakes and take proactive steps, compliance becomes an organic part of doing business. 1. Ignorance is Not Bliss: Failing to Keep Up with Regulations GDPR took effect in 2018, initiating a cascade of regulations across the globe. New privacy laws and industry regulations appear on the scene every year, and governing bodies regularly make adjustments. If organizations neglect to stay on top of regulatory changes, they may mistakenly assume

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Messaging Architects has been providing professional consulting services around unstructured data and information governance for over 12 years.  Our topnotch experienced project management and engineering team assists organizations to address information risk management strategies, eDiscovery processes, data security and information management policies.    Information is an organizations biggest asset but it can also be that organizations biggest risk.

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