6 Essential Elements of a Compliance Program

To learn how to build a compliance program, download our checklist now.

A compliance program ensures that a business complies with laws or regulations relevant to it. However, most SMBs are not very excited when it comes to compliance. Some of those businesses believe compliance is only for large organizations. Nothing could be further from the truth. SMBs need a compliance program to minimize risk and decrease inefficiencies.

HIPAA violations can cost anywhere between $100 to $50,000 per violation and run as high as $1.5 million per calendar year of neglect. Similarly, GDPR violations can cost anywhere between 2% to 4% of company turnover.

To help you effectively achieve compliance, we’ve developed a checklist that lets you understand the Six Essential Elements of a compliance program:

  1. Executive Sponsorship
  2. Business Impact Analysis & Risk Assessment
  3. Chief Compliance Officer (CCO)
  4. Data Governance Strategy
  5. Monitoring, Testing and Updating
  6. Routine Employee Training

Download the free checklist now!

Download

OR

Contact us today to learn how your business can implement a comprehensive compliance program.

Sources:

  1. National Library of Medicine
  2. GDPR Associates

FREE REPORT

The Top 10 Ways Hackers Get Around Your Firewall And Anti-Virus To Rob You Blind

This report reveals the most common ways that hackers get in and how to protect yourself today.

Sign Me Up For The Free Assessment