The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that required the creation of national standards to protect sensitive patient health information from being disclosed without the patient’s consent or knowledge. The US Department of Health and Human Services (HHS) issued the HIPAA Privacy Rule to implement the requirements of HIPAA. The HIPAA Security Rule protects a subset of information covered by the Privacy Rule. 

With the advent of Industry 4.0, millions of businesses are utilizing advanced technology like the Internet of things (IoT), Artificial Intelligence, Machine Learning for scalability. It's high time, Indian businesses start leveraging such technologies to grow at the fastest speed with profitability.

ISO 27701 Privacy Information Management System (PIMS) – the privacy extension of ISO 27001 Information Security Management System (ISMS) – establishes privacy controls for the processing of personal data. ISO 27701 will support organizations in meeting the regulatory requirements by providing a harmonized framework to plan and implement its approach to achieve compliance with multiple regulations. This standard may become the foundation for future GDPR certifications.

In 2001, seventeen software developers met in Utah to publish the ‘Manifesto for Agile Software Development’ that changed the industry as we know it.

Internal audit has evolved over the years from being merely a checklist-based audit to a risk-based approach. With the help of technology, a workflow management tool for Internal Audits & Internal Financial Controls (IFC) can help in streamlining the audit & IFC review process and reduce the amount of time spent in requesting data or follow-ups through emails.

India has a complicated legal system, with a multiplicity of laws, overlapping requirements, and a governance/implementation system that varies in its response.

Banking is necessary. But Banks is not -  Bill Gates. Is there any substance in what Bill Gates said? Will traditional Banks of today be relevant in the future? Accelerating technological advances, evolving economic circumstances, and changing customer behavior have created an environment ripe for disruption of the typical business-model bank. Banks would metamorphose into some new structures and will be different from what they are today.

The ability to respond promptly and effectively to any disruptions is the key to the survival of any organization. Having a business continuity management system is a comprehensive approach to organizational resilience. The management standard for business continuity, ISO 22301, provides the framework for implementing and maintaining a business continuity management system (BCMS).