Outsourcing to an IT support provider in San Diego doesn’t just make your organization’s processes easier and your costs lower, it also helps your organization comply with various regulations and avoid hefty fines.
Regulations vary from region to region, so it’s best to partner with a local provider because they know more about the laws in your area than an offshore provider does. Nevertheless, there are regulations with a wider reach than most, such as:
Health Insurance Portability and Accountability Act
HIPAA ensures the protection of the storage of medical records in the US. All organizations that handle such records in any way or form are considered business associates and subjected to HIPAA. Fines for violations can be costly, ranging from $100 to $50,000 per violation, depending on the level of negligence. They can also reach $1.5 million a year.
SOX was in response to the Enron scandal in 2001. Enron was considered one of the biggest energy companies in the US. In reality, they were broke and doctoring their accounting books to hide that fact. But thanks to SOX, publicly-traded companies in the US are required to have high levels of transparency. Inaccurate certification can cost $1 million in fines and 10 years in prison if sent mistakenly, or $5 million in fines and 20 years in prison if sent knowingly.
General Data Protection Regulation (GDPR)
GDPR is a regulation that protects the personal information of citizens of all regions in the European Union. Local organizations may think they won’t have a need for a provider of IT support solutions in San Diego for this one because they’re based in the US, but if an organization handles data of an EU citizen (even an EU citizen living in the US), then GDPR is enacted. Fines for GDPR violators can reach €20 million ($22.7 million) or 4% of whole global turnover of the previous financial year.
Payment Card Industry Data Security Standard
PCI DSS is a global industry standard for cardholder data security established by MasterCard, Visa, American Express, Discover, and JCB. Organizations that handle credit card or debit card information (e.g., as payment for goods and services purchased) are expected to conform with PCI DSS. Fines can range from $5,000 to $100,000 a month as long as an organization remains non-compliant.
These are just four regulations out of many. It’s hard to keep track of them all, but a reliable IT support provider in San Diego will do it for you. We at Excedeo deliver managed IT services that streamline your processes and cut your costs while ensuring compliance. Contact us now for more information.