Oh NO … not the “C word”!       

Unfortunately that’s the perception of Data Compliance. Truth be known, most business leaders are not very comfortable with their understanding of these requirements and especially with how to manage this data in a realistic and efficient manner. Due to the increase in “identity-related thefts” businesses are now having to seriously focus on data security and archival. 

In reality, data management is not that complex if you understand the tools and concepts used to manage data stores. Kreative’s team has 20 years of Data Compliance experience in the Fortune 100 Financial arenas. We can bring this expertise to you and assist you in identifying, safeguarding and strategically planning a Data Compliance Action Plan.

What is HIPAA?

"HIPAA" is an acronym for the Health Insurance Portability & Accountability Act of 1996. Also known as the Kennedy-Kassebaum Act, called upon the Department of Health and Human Services (HHS) to publish new rules pertaining to the standardization of electronic health, administrative and financial data and to provide unique health identifiers for individuals, employers, health plans and health care providers other than their Social Security Numbers. HIPAA also defines, security standards protecting the confidentiality and integrity of "individually identifiable information," past, present or future.

What is the Sarbanes Oxley Act?

The Sarbanes Oxley Act (SOX) is a very important law affecting corporate governance, financial disclosures, and public accounting passed in response to the collapse of several significant organizations. Administered by the Securities and Exchange Commission, SOX publishes rules on requirements and defines which records are to be stored and for how long, stating that all business records, including electronic records and electronic messages, must be saved for not less than five years. Failure to comply with SOX becuase you are unable to provide requested information can result in significant consequences

Who is affected?

Virtually any organization that stores any "individually identifiable health or financial information" including all healthcare and benefits records, individual financial information including self-ensured employers – as well as information systems vendors, various service organizations, and institutions.

Kreative can assist you with:

• Assessment of Current Governance
• Implementation of  a Comprehensive Governance
• Program Addressing Fiduciary Compliance Requirements
• Consultancy Services