You are helping your father who has a private retail pharmacy in a small rural town. He accepts credit cards and holds customer information on a small database server. He is wondering if he should be concerned about PCI compliance, as well as HIPAA, and has asked you for a summary so he can decide if he wants to hire an outside consultant to help him comply with government regulations.
Write a 2- to 3-page summary in Microsoft® Word of the important aspect of PCI and HIPAA regulations to help him make his decision. Include the following:
- Accurately describe what PCI is and why it is important to a small business.
- Explain why a small business needs to comply with PCI. Provide at least two reasons.
- Outline the ramifications of non-compliance to a small business giving two examples.
- Concisely describe who is covered under HIPAA.
- List what information is protected under HIPAA.
- Enumerate the administrative requirements under HIPAA.
Cite all sources using APA guidelines.