If you are associated with an organization subject to HIPAA (Health Insurance Portability and Accountability Act), chances are that you’ve often come across the terms PHI and ePHI. But what exactly are they, and is there a difference between them? And how do you...
A Cybersecurity Incident Response Plan (CIRP) has become a cornerstone of every organization’s digital strategy. A well-structured CIRP ensures organizations can swiftly detect, contain, and recover from cyber threats, minimizing financial losses, operational...
In the current landscape of modern businesses, ensuring smooth operations and safeguarding valuable assets are important aspects of sustainable success. This is why internal control systems become important. In this article, we will delve into the essential components...
The banking sector has always been data-driven, processing millions of transactions daily. With nearly half of the world’s adult population using digital banking, financial institutions now have a huge volume of real-time data at their disposal. Digital banking is on...
The 21st century has brought with it the age of digital gold, where data drives globalization, innovation, and business success. Despite its critical role in decision-making, 66% of organizations lack a clear strategy for maintaining accurate and organized data. Many...
Everyone in today’s world is turning digital to stay up with society and technology. However, there have been incidents of data breaches at various businesses that have resulted in significant losses. Cyber security monitoring is now a major concern for every company,...
Data validation is the process of ensuring data accuracy and quality before using, importing, or processing them. It is important because the inaccuracy of data can lead to producing inaccurate results, thus, stressing the need for validation and verification of data....
In today’s interconnected world, having information security awareness concerning breaches is a significant necessity for businesses and individuals alike. Safeguarding sensitive data is necessary for maintaining trust, protecting financial assets, and maintaining the...
The Sarbanes-Oxley Act (SOX), introduced in 2002 following corporate scandals like Enron and WorldCom, aims to improve corporate governance and enhance financial transparency. It enforces stringent regulations on financial reporting and internal controls to prevent...
The entire virtual world is a form of data that is continuously being processed. This processing is supplied to the user as part of a cycle known as the data processing cycle. The availability and processing of data are key to the growth of several sectors such as...