When it comes to security and health matters, it’s imperative that your business complies with laws and regulations. A hack or loss of data can cost your company massive amounts of revenue. Your business also needs to follow environmental safety regulations for the health of all who work in your facilities. Fortunately, there are third-party companies that help you stay on top of security and safety, saving you time, money, and worry.
Data and security
If your business requires you to keep track of a lot of digital data and records (and most business operations now do), consider storing your information on the cloud. The cloud allows a company to access all information from any place, but it can be expensive to do in-house, and the technology has to be constantly updated. Hiring an outside cloud host can help you store all your information securely and save you time and some money since you don’t have to buy equipment or your own servers. You might engage a cloud access security broker, which will sit between your company and your cloud host to help enforce security, compliance, and governance.
It’s essential to make sure all your data, both in the cloud and on-premise, stays safe and secure. This security extends to your clients’ confidential information as well as your own. A strong information security company will help you make sure your data, taxes, and the services you offer remain compliant. A good security company monitors your data to immediately alert you to any leaks of sensitive information and data exposure. Additionally, they will walk you through breach laws and make sure you comply with the legislation enacted to keep you and your customers safe. Dealing with security breaches can cost anywhere from $150,000 to $170,000, so it’s a worthwhile investment to prevent them. It doesn’t matter what type of business you have, be it financial, healthcare, government, or retail and technology; your data and information needs to stay secure, for your sake and for the sake of your clients.
Industries are beholden to OSHA, the Occupational Safety and Health Act, which sets standards for industrial hygiene. Since there are many rules, regulations, and compliance standards, companies often hire a consulting service or contractor to ensure that the workplace meets all the hygiene standards–and if it doesn’t, what measures to take to reduce the harmful substances and comply to regulations. These contractors can run tests for all sorts of contaminants, including lead and asbestos, as well as checking water and waste management. There are organizations and consultants out there that provide health and safety training, disaster response training, hazard prevention and control, and worksite analysis, to name a few. It’s a good idea to incorporate these trainings and measures in your workplace for all employees.
Failure to meet compliance regulations can have devastating consequences for employees and employers alike. First of all, the company could face serious fines, and secondly, if employees are injured or made ill on the job, the company could face lawsuits. At the very least, they will have to pay out workers’ compensation, which could cost thousands of dollars.