Today, most organizations are faced with some type of industry regulation. Whether you are in manufacturing, retail, financial, health care or anywhere in between, you will face an industry standard at some point.
Protecht.ca’s Compliance consulting team works to assess your company's overall risk and/or compliance to an industry regulation or standard. Whether complying with the Payment Card Industry Data Security Standard (PCI-DSS) or PIPEDA (Personal Information Protection and Electronic Documents Act) Protecht.ca’s consultants have the knowledge and skills to get the job done quickly and efficiently.
Compliance has become more than a sound business practice; it is a requirement. Thanks to the myriad of industry standards and regulatory statutes, today's businesses are now faced with increasingly complex compliance requirements that ultimately govern how they protect critical information. Equally important is that consumers are demanding that businesses comply to industry standard practices for securing their data.
Protecht.ca believes the first step in moving businesses towards compliance is to identify a strategy for addressing the gaps between a business’s current IT controls and the organizations published IT governance framework.
To help businesses and organizations meet these requirements, Protecht.ca has developed solutions to make compliance understandable and attainable. To deal with the many regulations that each industry must comply, Protecht.ca has developed a highly successful framework that can be tailored to the specific industry in question.
These Solutions Are As Follows:
- Checklist/Documentation Request
- Review of the Requirements
- Review of the Documentation
Protecht.ca provides Compliance Assessments to the following industries:
- Hosting Providers
- Retail Locations
- Banks/Credit Unions
- Payment Providers
- Service Providers
For more information about Compliance and your business infrastructure. Please contact a Protecht.ca Representative. For more information about PCI-DSS Compliance: https://www.pcisecuritystandards.org/ and PIPEDA Compliance: http://www.priv.gc.ca/legislation/02_06_01_e.cfm
There is no question, small business owners have more to do than they could ever get done. Some things can wait and other things cannot. One thing that should probably move to the 'get done now' list is learning about and properly addressing industry mandated security requirements. This is for all merchants to be compliant that accept credit cards. The reason why this merits attention over other high priority tasks is because the financial risk of a data breach can be enormous. Businesses can be fined up to $500,000 per incident if information is stolen plus be responsible for additional remediation expenses.
Businesses can protect themselves from certain fines and penalties by becoming and staying compliant
Implementing these standards can be an expensive and daunting task, particularly for the small business. The penalties for failing to comply are equally as scary, including loss of the ability to accept credit cards, and large fines imposed by the major card processors. Protecht.ca is here to help.