Assignment ContentYour father has a private retail pharmacy in a small rural town. He accepts credit cards and holds customer information on a small database server. He wants to know 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 3- to 4-page summary in Microsoft® Word of the important aspect of PCI and HIPAA regulations to help him make his decision. In your summary: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 noncompliance to a small business. Provide two examples.Concisely describe who is covered under HIPAA.List the information protected under HIPAA.List the administrative requirements under HIPAA.Cite all sources using APA guidelines.