At LeafTech, we understand how substantial compliance is for businesses of all sizes. Compliance is observing legal and regulatory requirements and internal policies and procedures. Compliance has become a complex issue that requires constant attention. Companies need to be aware of three main types of compliance: regulatory compliance, industry compliance, and data compliance.

Regulatory compliance is the most well-known type of compliance. It involves complying with laws and regulations issued by government entities, including FTC, OSHA, and the EPA. Fines apply for breaking the rules. Non-compliance with requirements can result in fines and legal consequences. As such, businesses must stay up-to-date with all relevant regulations and ensure they comply.

Industry compliance refers to complying with industry-specific standards and guidelines. Each industry has its own set of regulations and standards that businesses must adhere to. Laws within the Health Insurance Portability and Accountability Act (HIPAA) govern the healthcare sector. The financial industry must follow the Gramm-Leach-Bliley Act.
(GLBA). Industry compliance is essential to maintain trust with customers and stakeholders.

Data compliance requires businesses to protect sensitive data from unauthorized access, use, or disclosure. Digital technologies have made companies employ suitable security measures, including user authentication, firewalls, and encryption authentication. Failure to safeguard data can result in financial losses and reputational damage.

Regulatory, industry, and data compliance are crucial for businesses to operate efficiently and ethically. At LeafTech, our IT experts are committed to helping small and medium-sized businesses stay compliant and secure. We provide various services to meet our clients’ unique needs, including risk assessments, cybersecurity solutions, and compliance consulting. Contact us today to learn how we can help your business maintain compliance and protect your data.