Government regulations have increased dramatically in response to an array of unsettling events -- terrorist activities, big-business financial misdealings and scandals, and dangerous lapses in the safeguarding of consumer data. While industry regulations and government legislation are not welcomed across the board, compliance is nevertheless mandatory, and the potential cost of noncompliance rises daily.
This is where enterprise IT operations will have to step up to the plate and lead the business side of their companies. And in order to succeed in that compliance, the best approach is a multidisciplinary, streamlined, comprehensive base of operations.
Concerned with data privacy and security, new federal and state regulations were developed to encourage corporate accountability. Not only is data required to be retained for a specific time period, but it is also to be done in a secure fashion, as per legislation like the Gramm-Leach-Bliley Act, the Health Insurance Portability and Accountability Act, the Sarbanes-Oxley Act, the Federal Information Security Management Act and California's SB 1386.
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