Resources for Health Insurance Portability and Accountability Act (HIPAA)

Asia CIOs urged to act on compliance

www.zdnetasia.com

Regulatory compliance will hit Asia "really hard soon", and CIOs who have not laid a proper foundation to address the requirements risk expensive consequences, warns a security expert.

Henry Ng, Verizon Business' Asia manager of professional services, told ZDNet Asia in an interview: "In addition to Sarbanes-Oxley compliance for the U.S.-listed companies, we'll see increasing pressure to be compliant with other regulations such as Basel II and HIPAA.

"Compliance issues are not a concern for the distant future. They are happening now," said Ng, referring to Japan's J-SOX, which is set to go into effect next year. Other Asian countries are also developing their regulations which are expected to affect the region over the next two years.

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