Compliance

Compliance and cybersecurity are equally crucial systems to all businesses. While both include several core components, which may align or overlap, neither system individually completely fulfills or eliminates the necessity for the other.

95% of all medical and healthcare institutions have been victims of some form of cyberattack while 43% of breaches in 2019 involved small business victims.

It’s no longer an option.

Regulatory agencies around the world are putting pressure on businesses to establish a more proactive approach to compliance regarding data privacy and cybersecurity best practices.

By ignoring or neglecting these legal mandates, you open your business up to the increased risk of an audit, hefty violation penalties, potential litigation and severe reputation damage, which could lead to a loss of trust and ultimately a loss of customers.

At its core, The General Data Protection Regulation (GDPR) establishes data protection as a fundamental human right and outlines the new rules in the shape of seven principles.

Helping your businesses fulfill GDPR requirements and empower a sustainable commitment to continuous compliance. 

You must be compliant if:

• Your company processes personal data as part of the activities of one of its branches established in the EU, regardless of where the data is processed.
• You are a business established outside the EU offering goods/services (paid or for free) or monitoring the behavior of individuals in the EU.

GDPR regulations are a wake-up call for businesses to understand how important data privacy and security is to growth and success. Non-compliance and falling victim to a cyberattack or data breach can result in a loss of customer trust that can be difficult, if not impossible, to regainOur managed compliance solution leverages automation to bring you the right information and guidance to help you stay GDPR-compliant and ensure robust data security.

Only 36.7% of global organizations report maintaining full compliance with PCI DSS

The PCI Data Security Standards help protect the safety of that data. They set the operational and technical requirements for organizations accepting or processing payment transactions, and for software developers and manufacturers of applications and devices used in those transactionsMaintaining payment security is serious business. It is vital that every entity responsible for the security of cardholder data diligently follows the PCI Data Security Standards

The standard works for some of the world’s largest corporations. And it can work for you.

• Do not store any sensitive cardholder data in computers or on paper.
• Use a firewall on your network and PCs.
• Make sure your wireless router is password-protected and uses encryption.
• Use strong passwords. Be sure to change default passwords on hardware and software – most are unsafe.
• Regularly check PIN entry devices and PCs to make sure no one has installed rogue software or “skimming” devices.
• Teach your employees about security and protecting cardholder data.
• Follow the PCI Data Security Standard.

GIVEN THE RAPIDLY EVOLVING CYBER LANDSCAPE OF TODAY, MODERN BUSINESSES NEED TO BE MORE PROACTIVE IN ADDRESSING THEIR CYBERSECURITY VULNERABILITIES.

The National Institute of Standards and Technology (NIST) has developed a framework called the Cybersecurity Framework (CSF) for the purpose of streamlining cybersecurity for private-sector businesses. NIST CSF is essentially a set of standards, best practices, and recommendations designed to help businesses be better prepared for preventing, identifying, detecting, responding to, and recovering from cyberattacks.

Since the security requirements of businesses are largely variable, the NIST framework and special publications can be intentionally ambiguous in many areas. Consider enlisting the support and expertise of a managed service provider that specializes in security and compliance. We can help make implementing and maintaining cybersecurity in your business easy, letting you focus on growth and success.

WITH NIST CSF IN PLACE, YOU WOULD BE ABLE TO NOT ONLY BLOCK A POTENTIAL THREAT BUT ALSO DETECT, RESPOND AND RECOVER FROM AN INCIDENT MUCH SOONER, SIGNIFICANTLY DIMINISHING POTENTIAL DAMAGES TO YOUR BUSINESS.

In today’s connected world, small and medium businesses (SMBs) depend on data, software and technology, and a cyberattack or data breach can have a significant impact.

Cyberattacks tripled among small businesses from 2015 to 2019, and as a result 67% of survey respond- ents plan to spend more on cybersecurity technology and mitigation in the next three years. Only 34% plan to spend more on cyber insurance, despite 54% of businesses believing a cyberattack or data breach in inevitable!

Many SMBs think the relatively small costs of ransomware and damaged servers drive cyber losses,so they invest in technology and retain the risk of a breach. However, business interruption and incident response costs are actually more volatile and far greater. The cost of downtime from ransomware is 23 times greater than the actual average ransom, while forensics, public relations, credit monitoring services and notification requirements make up 57.4% of total cyber claim costs since 2009.