Publicly Traded Companies
Publicly Traded Companies
Are you concerned about whether or not your publicly traded company is in compliance with the diverse set of federal and industry regulations that are out there? If you are and are seeking to improve your compliance issues, NOYNIM is here to guide you in the right direction.
Presently, one of the biggest topics in IT is that of compliance. If your organization fails to meet the guidelines and rules that have been set by the various compliance entities, not only will you be subject to paying a fine, but you also will risk losing the trust of your most valuable consumers.
Whether or not you have a big or small IT department in your publicly traded company, there will come a time when you will need the assistance of more advanced information technology professionals, particularly if you are dealing with compliance issues. For your company however, that time may just be now.
As such, it is your responsibility to find the best Denver computer consulting firm, and work with them to ensure that your publicly traded company is IT compliant. However, if you are new to the world of IT compliance, you first need to know what it is, and how your company can benefit from it.
There are a diverse set of federal and industry regulations that have been created to ensure that all companies (both publicly traded and private) keep their consumers’ sensitive data safe. Here is a look at some of the top federal and industry regulations that your company ought to adhere to.
The first is the Payment Card Industry Data Security Standard. This particular IT compliance applies primarily to retail merchants, Internet vendors and financial institutions (basically, any company that uses payment cards), and its regulations outline the necessary security measures a company should take to protect the sensitive information of their clients and employees who use pay cards. PCI compliance security regulations fall under six categories, these are:
- Create and maintain a network that is secure;
- Protect the data of the cardholder;
- Sustain a vulnerability management program;
- Apply strong measures regarding access control;
- Test and monitor networks on a regular basis; and
- Sustain a policy for information security.
In order to ensure that vendors are adhering to PCI compliance standards, credit card companies require companies to complete self-assessments; additionally, a network scan and an onsite visit will be carried out by a PCI compliance authorized vendor.
The second of the top IT compliance regulations that an IT services Denver company can assist you with is that of the Sarbanes-Oxley Act (SOX). The SOX Act is a legislation that was created in 2002, primarily for publicly traded companies in the United States, and it requires that companies have a firmer hold on their companies’ governance and also the control of internal affairs. With that being said, in order for your company to be IT compliant, you must ensure that your company has all the best practices for any system that encounters data related to accounting systems and financial reporting.
The third popular compliance standard that your company should be aware of is the Health Insurance Portability and Accountability Act (HIPAA). The purpose of this privacy act is to unearth the persons who have coverage, the type of data that is protected, and how this protected data can be shared and used. The HIPAA compliance checklist has three sets of requirements, these are:
- Administrative Requirements – including risk analysis; risk management; information systems activity reviews, response and reporting, among others.
- Physical Requirements – including contingency operations, facility security, access control and validation, maintenance records, among others.
- Technical Requirements – including unique user identification, emergency access, authentication, transmission security, among others.
NOYNIM is known as the premier Denver computer consulting firm, and this is due to the fact that we work tirelessly to ensure that your publicly traded company is compliant with those regulations listed above, or even others such as the Dodd-Frank Act or the Federal Information Security Management Act (FISMA).
If you wish for your publicly traded company to become compliant with all the appropriate federal and industry regulations, you should seek the professional help of an IT services Denver company like NOYNIM. Our company offers IT compliance services such as:
- Strategic Consulting – We will ensure that your company has implemented a quality system, you are compliant with cloud computing, and we will also provide you with coaching and training of your new compliant systems.
- Computer System Validation – We will help you to validate your system applications, assist you with internal audits, in addition to assisting you with validation planning and strategy.
- Software Testing – We will help you develop a testing strategy, and ensure your company’s system applications are tested for: automation, any structural issues, regression, performance, functionality and also if the applications are user friendly.
Keeping up with federal and industry regulations can be rather difficult for any publicly traded company. As such, you need to allow NOYNIM to take your IT compliance problems out of your hands and into ours. Our team of dedicated IT professionals will work with you to ensure that your publicly traded company has the necessary technical requirements needed to become IT compliant.
Do not debate with yourself any longer. Pick up the phone today and call the best Denver computer consulting firm in the business to help you with all of your information technology needs. We at NOYNIM are awaiting your call.