The security of your customers’ sensitive information should be top-of-mind, whether it’s mandatory or not. But, if you’re storing credit card data, you must be PCI DSS compliant. And, if you deal with protected health information (PHI) you need to be HIPAA compliant.
Besides jeopardizing your customers’ personal info, you’d also be subject to government-imposed civil and/or criminal penalties. For example, if you’re found to be willfully neglecting your HIPAA compliance, you can be fined up to $50,000 at a minimum. In a more severe case, you can be fined up to $250,00 and you’ll have to serve up to 10 years in prison. Likewise, if you’re found not to be PCI DSS compliant, you can be fined up to $25,000.
No worries, though. IVR Tech has got you covered. We’ve engineered the infrastructure necessary for your business to ensure it maintains the appropriate compliance. If you need a more specific solution, we’ve got a team of experts able to work with you to meet your needs. You may think your business’ processes are secure, but you’d be surprised how many major companies have fallen victim to data breaches. Popular, well known companies like Target, Michaels and Neiman Marcus all had breaches in 2013. Still not convinced? Check out these stats on PCI DSS compliance & HIPAA compliance, respectively.
Source: Data Breach QuickView
Source: DataFile Technologies
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