There is an ever-increasing array of acronyms that businesses need to worry about. From FISMA to HIPAA to GDPR, they all have one thing in common: they typically consume large amounts of mindshare across an organization – but none more than IT departments.
For many enterprises, they are struggling to understand how regulations impact their business and whether they have the internal controls and sound business systems to proactively address potential risks. If your company has custodial care of personal or private data, or processes that data on behalf of your customers then you need to protect it.
Gone are the days when consequences are only applied when a breach occurs. As the modern enterprise shifts to the use of cloud-based digital services to conduct business, they have opened new paths for exposure. Think about it, nearly every business – especially those in financial services or healthcare – has custodial care of some type of private data. Everything from social security numbers to drug prescription information to bank account numbers. All this data falls under the purview of one regulation or another.
Keeping pace with compliance mandates is challenging, especially since the regulations simply lay out a set of ‘consequences’ that businesses are subjected to if they don’t take the necessary steps to safeguard customer data. The regulations aren’t prescriptive, so it forces businesses to handle a customer’s private data using the same process used to store and protect its own sensitive corporate information.
At Trapize we were founded because we recognized there is a compliance and governance gap when the enterprise needed to consume services exposed within their networks. Trapize offers a new approach to keep your business safely out of the alphabet soup.