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  This month's article covers:

The Challenge of Compliance in the New World of IT

Sarbanes-Oxley

HIPAA

Basel II

Establishing Control Structures

Bocada as a Platform of Control



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COMPLIANCE
Minimize Complexities of Compliance Reporting

 The Challenge of Compliance in the New World of IT


With the advent of new regulations, such as the Sarbanes-Oxley Act (SOX), the Health Insurance Portability and Accountability Act (HIPAA) and the Basel II Capital Accord, the demand for compliance controls is escalating. The challenge to most IT teams is how to reliably ensure compliance policies are followed as well as how to provide documented proof of actions taken.

Creating processes and establishing policy for compliant data protection requires awareness and support from all levels in the corporation, including the business units themselves. The challenge for IT staff is to work with all the stakeholders to define policies that meet the rigid demands of compliance mandates while maintaining the necessary flexibility to support daily business activities.

As if that weren't challenge enough, IT staffs must achieve compliance in the face of burgeoning data under management and slashed operating budgets.

Let’s take a closer look at how specific regulatory requirements are affecting the operations of data protection management and staff.

Read the full article >>

 

Regulatory compliance requires substantial investment of IT time and resources. To meet compliance mandates in data protection, IT staffs need to establish and automate controls.

Federal regulations such as the Sarbanes-Oxley Act (SOX) and the Health Insurance Portability and Accountability Act (HIPAA) have increased the demand for corporate compliance

 

 

SOX has ramifications for everyone in the corporation from the CEO and Board of Directors to IT Professionals

 

 

SOX requires management to evaluate the effectiveness of internal financial controls and for auditors to report on the adequacy of these controls – and any material weaknesses found

 

 

Data Protection Management teams need to establish documented controls, provide objective, third party validation of compliance, and be ready to restore critical data as needed to meet compliance mandates.

 

 

BackupReport from Bocada automates the collection and presentation of key performance metrics that enable IT managers to ensure compliance mandates are followed and to communicate results to key stakeholders within the organization.

 

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