In December 2016, the Financial Industry Regulatory Authority (FINRA) issued over $14 million in fines for violations. A large portion of those were for inadequate supervision and record-keeping. The Securities and Exchange Commission (SEC) rules 17a-3 and 17a-4 set out extensive requirements on how regulated entities must act. One major part of these regulations is the archiving of communications. The regulations state that organizations must preserve originals of all communications received and copies of all communications sent relating to their business, for a period of not less than three years. FINRA has made it clear that instant messages are included in the list of communications.
We have previously mentioned about the explosive growth of video and the video market, especially in Healthcare. Forecasters are also talking about the ways in which video will transform Banking and Financial Services in the near future. We have already seen the proliferation of web video due to conferencing applications such as Web Ex and Skype for Business. Now, analysts are predicting even more exciting applications for the Financial Services.
Tremendous market growth and improvements in video technology are having a residual effect on healthcare and the rise of telehealth – a broad term used to incorporate the myriad ways video is used beyond telemedicine (traditional diagnosing and monitoring). Some ways the healthcare industry applies video includes:
ISI is pleased to announce a new webinar from Mark McNeill, Vice President of Enterprise & Healthcare UC Solutions. The webinar, Collaboration, Communications & the Increased Risk of HIPAA Privacy Breaches, focuses on how sudden changes in modes of communication are contributing to HIPAA non-compliance in healthcare and what companies can and must do to avoid violations. The webinar takes place on Tuesday, October 4 at 11 am CST and registration is now open.