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Healthcare is infamous for being a heavily regulated industry. With sensitive data and patient health outcomes at stake, it’s no wonder there are so many rules and regulations healthcare institutions must adhere to. Those who fail to comply with relevant laws may find themselves in a heap of trouble. So what are the consequences of …The Consequences of Non-Compliance in Healthcare
No matter your industry, the need for compliance is a fact of life. Adhering to relevant standards and regulations can boost business success, while running afoul of the law can bring significant monetary and reputational costs. The banking industry is no exception. But what is compliance in banking? Understanding this process is key to running …What is Compliance in Banking?
No matter how careful you are, no matter how much you’ve invested in training and prevention, non-compliance is bound to happen at some point or another. Left unchecked, it can cause serious issues for your business. Read on to learn some of the best ways to report a compliance issue and get your company back …10 Ways to Report a Compliance Issue
PCI is one of the most important standards modern businesses must adhere to, and the consequences of non-compliance can be severe. But what exactly do PCI DSS fines entail? How much do they cost businesses, and how can you avoid them? In this guide, we’ll explore PCI DSS non-compliance fines and what they mean for …Understanding PCI DSS Fines and Penalties
Compliance and conformity are key pillars of organizational culture. Although they are similar in many ways, there are a few nuances to be aware of. So what is the difference between compliance and conformity? And how do they shape business operations in a world where standards and regulations change as often as the seasons? Compliance …What is the Difference Between Compliance and Conformity?
Compliance can be a real beast for organizations, and ignoring it comes at significant peril. According to a study by the Ponemon Institute, the average overall cost of non-compliance is $14.82 million. But don’t fret! With the right knowledge and preparation, you can avoid these kinds of penalties. Read on to learn how to ensure …How to Ensure Compliance in the Workplace
Well-run workplaces abide by certain standards. Having a solid workplace compliance framework is key to keeping everyone on the same page with regard to regulatory requirements. But what is compliance in the workplace, and why is it so important? What Does Workplace Compliance Mean? Workplace compliance refers to the efforts made by organizations to comply …What is Compliance in the Workplace?
Compliance monitoring is essential for any business dealing with sensitive data. It’s key to ensuring adherence to critical laws and regulations and is part of a multi-pronged approach that organizations take to remain up to standard. But what is compliance monitoring? In a nutshell, compliance monitoring is the process by which companies employ systematic tools …What Is Compliance Monitoring?
To ensure the safety of workers and consumers, the government implements industry-wide standards of compliance. Following these guidelines is extremely important, as violations typically lead to hefty fines and other severe penalties. However, it’s important to understand what non-compliance looks like before you can correct it in your workplace. That being said, take a look …3 Examples of Non-Compliance in the Workplace
When running a business of any size, risk management and compliance are of the utmost importance. Both should be top priorities in your business operations, as they ensure your company’s continued success and survival in the industry. Believe it or not, though, these two have a lot in common and can be managed as part …How Risk Management and Compliance Are Connected
