Just in case you've convinced yourself that compliance doesn't affect your business because it's too small or it's privately owned, PCWorld.com re-published a nice reminder today from CA and Inc. Here's a snippet:
Increasingly, staying in business means staying compliant with new laws and standards that are raising the bar on all business behavior. And to stay compliant, all businesses must adopt basic security, data backup, and records management practices and technologies.
Those laws and standards come from several different places -- from government regulators like the Securities and Exchange Commission, from industry organizations, from supplier contracts, or even internal policies. And a lot of them don't discriminate according to size or whether an organization is publicly or privately owned.
For example, all health care organizations must comply with the Health Insurance Portability and Accountability Act's restrictions on releasing protected patient information, no matter their size or their ownership, the story says. Biotech companies and electronic equipment manufacturers also must comply with environmental mandates. And if you're supplying companies like Wal-mart, or even the U.S. Department of Defense, there are specific requirements that must be met for the contract to continue.
The piece quotes IDC as saying it won't be long before most every business will need information management and other compliance tools to keep up. Don't be lulled into a false sense of security.