Hynes & Company - Staffing Services For Information Technology Blog Healthcare Mandates & Cybersecurity Compliance

Sarbanes-Oxley, Health Insurance Portability and Accountability Act and Graham-Leach-Bliley all impose security requirements. "A company would be encouraged to implement stronger security standards by allowing it to save money and time by avoiding multiple audits from multiple regulators," the task force says.The task force was set up in June by House Speaker John Boehner in part to respond to the Obama administration's proposed cybersecurity legislation, delivered to Congress in May.Regulatory compliance has become the bane of CIOs and CISOs, sapping their budgets to the point where some say they can afford to do little else but meet the regulations to the satisfaction of auditors.At this week's SINET Innovation Summit in Boston, on innovation in cybersecurity, one speaker, Sallie Mae CSO Jerry Archer, said his agency spent 40% of its budget on complying with regulations. "