Health Insurance Portability and Accountability Act (HIPAA)
HIPAA guidelines concern the protection of patient privacy. Healthcare is a tricky issue in this country—HIPAA is in place to make sure that patients receive high-quality care, regardless of their employment circumstances (often it’s difficult for patients that are between jobs to get the care they need). Everyone’s health-related information needs to be protected at all times. Every healthcare provider or healthcare-adjacent company that deals with confidential patient data needs to be HIPAA-compliant.
The Sarbanes-Oxley Act (SOX)
SOX is responsible for transparency surrounding financial information. Accounting information is held to exacting standards against source data so that there aren’t discrepancies. Original data sources are checked exceedingly carefully to keep financial services accountable. Every public company that operates in the U.S., does business with companies in the U.S., or will eventually go public, needs to be hyper-vigilant of maintaining SOX compliance.
Payment Card Industry Data Security Standard (PCI-DSS)
The information tied to your credit card could be at risk if not properly managed. Transactions and private information needs to be accounted for by every single company that allows credit card payment, stores, or transmits credit card data.
Gramm Leach Bliley Act (GLBA)
Consumer data needs to be protected. Financial institutions that provide loans, consultation regarding finances and investments, and insurance policies need to make sure that they’re GLBA-compliant.