Sarbanes Oxley, HIPAA Compliance for your business - It's the Law

Businesses count on reliable, secure data

 

There's no dispute. Businesses count on reliable, secure data. Companies need regularly tested data recovery and back up systems. Sadly, companies delay implementing a data backup system until it's too late. Data loss costs time and money.

 

*99.9 percent of all businesses have experienced at least one costly incident of data loss caused by operating system crashes, failed software installations or updates, user error, power outages, and hard-drive failure.

A secure backup system is crucial - It is required by law. Sarbanes Oxley Act (SOX) of 2002 (section404) requires businesses to retain pertinent information for a documented period of time. Lost data could invite legal action by putting a business out of compliance with SOX. Research shows that 90% of companies that suffer data loss are out of business within 2 years.

 

Regardless of the type of data, the new law is that documents need to be kept in a tamper-proof format for at least five years.

 

IT Computer Support of New York helps businesses develop comprehensive data recovery and business continuity plans to prevent data loss in the event of a digital disaster.

 

*Don Lewis, Byte.com 8/28/2006