Recall back in the 2008 financial crisis that a group of huge banks were designated as “too big to fail” such that they warranted a government bailout for the impact of their past risky and aggressive lending practices? We were told that these banks had to be saved to mitigate the impact on the overall […]
Insights
Millenniums of Proof – Pillars Lead to Longevity
3 Pillars of Compliance: Compliance is not typically top-of-mind until it cripples your business. Our most common prospect calls at BostonCOMPLY come from anxious suppliers who are being threatened to have their contracts cut off, POs frozen or having revenue clawed back because they can’t prove they are meeting agreed-to compliance demands of their customers […]
Obstacles to Business CCPA Compliance
In October of 2019, the data security software company Egress surveyed security professionals about their plans to become compliant with the California Consumer Privacy Act (CCPA). The legislation became law on January 1st of this year, but at least half of US companies are still struggling to comply. Why is this? The Egress survey found […]
Top 10 HIPAA compliance violations
Is your company in danger of violating HIPPA (Health Insurance Portability and Accountability Act) compliance regulations? Here are the 10 most common violations reported by the HIPAA Journal: Snooping on Healthcare Records Failure to perform an organization-wide risk analysis Exceeding the 60-day deadline for issuing breach notifications Failure to manage security risks/lack of a risk […]
What happened this week at BostonCOMPLY
So why are we here?
Compliance, like the elephant in the room, has an interesting way of flipping the tables on conventional wisdom. It’s the damned if you do and damned if you don’t enigma businesses face every day. The truth of compliance is that rarely does a business invest in becoming compliant because it is the right thing to […]
