Problem
Give a discussion on Risk Management and Compliance in an Organization along with the questions listed below with references.
Give real-world examples of regulatory compliance and the business or industry that the compliance applies. Provide a short description of the compliance and its impact on the industry. What are the consequences if companies do not follow their rules and regulations? How does the Health Insurance Portability and Accountability Act of 1996 (HIPAA) uses Risk Management and Compliance?