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Healthcare, Finance, and Utility Security: Meeting Data Compliance Standards Across Industries

By Tui Leauanae
Oct 30, 2024
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Summary

3 min

Protegrity’s platform supports industries like healthcare, finance, and utilities in meeting data compliance standards. Through encryption, tokenization, and data masking, organizations can safeguard sensitive information and achieve compliance with frameworks like HITRUST, COBIT, and NERC CIP, ensuring robust protection and resilience across critical sectors.

Organizations across different industries are subject to diverse regulatory compliance frameworks, each with stringent requirements. In the healthcare, finance, and utility sectors, these standards are particularly critical due to the high sensitivity of data and the potential consequences of breaches or non-compliance. Protegrity’s data compliance platform simplifies meeting regulatory requirements by employing encryption, tokenization, and data masking. These solutions ensure compliance with frameworks like HITRUST, COBIT, and NERC CIP while allowing security and data architects to focus on managing evolving threats.

HITRUST for Healthcare

HITRUST provides a certifiable framework for protecting healthcare information. One of the most pressing concerns for healthcare data architects is ensuring the protection of electronic protected health information (ePHI) under both HIPAA rules and regulations and HITRUST guidelines. Protegrity’s HIPAA-compliant data protection solutions, including dynamic data masking and encryption, enable healthcare organizations to meet HIPAA data protection standards while ensuring HITRUST certification compliance. This framework helps simplify data governance and reduces the risk of fines and breaches, alleviating one of the greatest stressors data architects face in highly regulated sectors.

What’s at Stake for Security and Data Architects:

For security architects, the primary focus is ensuring secure environments for handling ePHI data, reducing exposure to breaches and attacks. Protegrity’s encryption and tokenization provide end-to-end security for ePHI, easing the burden of ensuring HIPAA data protection in transit and at rest.
Data architects benefit from streamlined data integration processes while maintaining compliance, allowing them to focus on other high-value projects such as data analytics.

COBIT for SOX Compliance

For financial organizations, meeting Sarbanes-Oxley (SOX) compliance is mandatory for financial reporting. This can be a significant burden for data architects, who must ensure that sensitive financial data is protected and meets audit standards. COBIT provides a governance framework to manage and control IT systems that support SOX compliance. Protegrity helps financial institutions meet finance compliance regulations by securing financial data with encryption and supporting strong IT governance practices.

What’s at Stake for Security and Data Architects:

Security architects need to ensure that the financial institution’s data protection measures can safeguard critical financial information from malicious attacks while maintaining data compliance standards. Data architects must ensure that encrypted data is still accessible for business intelligence and analytics without compromising security or compliance. Protegrity’s platform ensures financial data can be processed and analyzed securely, allowing architects to manage complex datasets without the risk of exposing sensitive information.

NERC CIP for Utility Companies

Utility companies face rigorous requirements to protect critical infrastructure. The North American Electric Reliability Corporation’s (NERC) Critical Infrastructure Protection (CIP) standards are designed to secure electric utilities from cyber threats. Meeting these standards is complex and requires ongoing adjustments as new threats emerge, putting pressure on security compliance management teams.

On the North American Election Reliability Corporation (NERC) website, they outline the tenets that compose the standard:
● The process is accessible by anyone directly and materially affected by the North American bulk power system
● Maintains and offers public transparency
● Demonstrates the ability to abide by the consensus of each standard
● Balances interest of stakeholders
● Provides notice and opportunity for commenting by stakeholders and those affected
● Provides a reasonable timeline to develop and implement standards for utility companies

Protegrity’s encryption and data masking solutions help utility companies comply with NERC CIP standards by securing cyber assets and ensuring the resilience of essential services.

What’s at Stake for Security and Data Architects:

For security architects, ensuring compliance with NERC CIP requires that control systems and networks remain protected from external and internal threats. Protegrity’s encryption solutions provide robust security that extends across infrastructure, helping teams build a security regulatory compliance framework that meets stringent standards. Data architects must ensure that encrypted operational data can be used for analytics and operational continuity, even as regulatory standards evolve.

Key Takeaways

Protegrity’s solutions go beyond simple compliance. By offering centralized tools for encryption, tokenization, and dynamic data masking, the platform ensures that security and data architects can meet industry-specific regulatory frameworks while keeping critical data secure and operations smooth. Protegrity simplifies compliance and protects your organization from the ever-evolving landscape of cyber threats.

Learn more about Protegrity and how our solutions can support your cybersecurity compliance efforts.

Request a demo to see how Protegrity can help your organization achieve robust cybersecurity compliance.

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