Compliance as a Service: How it Protects Businesses
Running a successful business is challenging, and maintaining compliance with constantly-evolving regulations doesn’t make things any easier. Modern businesses must adhere to several regulations, including HIPAA and SOX to PCI. Failure to maintain compliance risks costly fines and reputational damage for businesses. Fortunately, partnering with a managed service provider that offers Compliance as a Service (CaaS) gives Denver businesses a streamlined solution to manage sensitive information and ensure adherence to these critical standards.
Why Do Businesses Need Compliance as a Service (Caas)?
Give Your Customers the Respect They Deserve
When customers entrust you with their sensitive data, such as health records or credit card numbers, they place immense faith in your business. Protecting this information is vital, and preventing data breaches should be your chief priority. By partnering with the right CaaS provider, you earn and maintain customer trust by ensuring compliance, no matter the challenges. Once these details get out, they can be very hard to conceal again.
Identify Vulnerabilities with Regular Audits
Network security is directly linked to regulatory compliance. CaaS includes regular audits to identify weaknesses before they escalate into major cybersecurity threats. IT professionals conduct periodic scans and implement necessary changes to safeguard sensitive data and maintain compliance.
Improve Security of Electronic Data Storage
Without proper risk assessments and compliance services, it’s difficult to gauge data security and implement effective protection measures. Storing data electronically requires a robust security focus to mitigate digital risks and maintain compliance. CaaS enhances cybersecurity, providing immediate benefits.
Keep Current with Automatic Updates
Neglecting critical software updates can compromise HIPAA and PCI compliance. CaaS features automatic updates, including periodic scans and reboots, to protect systems from cyber threats and ensure ongoing security.
“Most departments view legal and compliance support as key to smart growth. They want to enable the business to balance risk with reward, and to modernize their own operations through process and technology improvements. But found a wide gap between the importance of initiatives and leaders’ confidence in their ability to solve them.”
–Ross Gardiner, Director, Advisory, Gartner
Conquer Your Compliance: Six Steps to Success
1) Conduct Research
- Identify all relevant regulations for your industry, such as HIPAA, PCI DSS, or GDPR.
- Analyze your current security and compliance practices to identify any gaps.
- Understand how sensitive data flows through your organization and where it is stored.
2) Establish Firm Policies
- Create detailed policies and procedures for handling sensitive information.
- Train employees on data security best practices and compliance policies.
- Develop an incident response plan to address potential data breaches.
3) Get Technical
- Shield your network by implementing firewalls, intrusion detection systems, and VPNs.
- Establish detailed policies and procedures for using personally identifiable information.
- Build an incident response plan to address potential data breaches.
4) Encrypt Your Data
- Encrypt sensitive data both in storage and during transmission.
- Utilize data loss prevention tools to prevent unauthorized data transfer.
- Protect email communication with encryption.
5) Protect Your Hardware
- Implement mobile device management to secure company data on personal devices.
- Secure physical access to servers and data centers.
- Maintain an accurate inventory of all devices used for business.
6) Get an Assessment
- Conduct regular internal and external audits to assess compliance.
- Engage professionals for penetration testing to identify system vulnerabilities.
- Perform risk assessments to evaluate any potential threats to your data.
Compliance as a Service
Start protecting your business today.
How Aspire Can Help
Running a business is hard enough without worrying about compliance. Let a managed services provider take some stress off your plate by setting you up with the IT solutions you need at a price you can afford. When your good name and your clients’ personal data is on the line, what could be more important? Spend more time focusing on growing your brand and less time worrying about data theft with help from a trusted managed services provider.
Compliance roadblocks have no place in growing a successful business. Connect with an expert today for peace of mind tomorrow. As your trusted MSP partner, we’ll set you up with everything you need to meet government regulations so you can stay focused on growing your brand.
