Every industry has different rules for data protection. Here’s
how to satisfy compliance requirements and keep your company safe.
A joint survey conducted by Globalscape and the Ponemon Institute
revealed an enormous return on investment for compliance solutions:
Regular compliance audits saved businesses an average of $2.86 million.
Non-compliance was reported to cost twice as much as compliance.
U.S. businesses spend an average of $10,000 per employee on regulatory compliance.
Implementing regulatory monitoring to ensure they were keeping up with regulatory changes saved businesses an average of $1.03 million.
p>Putting a formal compliance charter in place saved businesses an average of $520,000.
CMIT Solutions starts every compliance conversation with a risk assessment that prioritizes short-term needs and plans for long-term success, delivering business data compliance solutions that work within your budget while positioning CMIT Solutions as a long-term partner in regulatory readiness.
If you don’t understand acronyms like HIPAA, GDPR, ISO, and FINRA, your information may be at risk. As compliance requirements become more complex, more and more businesses look to CMIT Solutions for help.
Businesses shouldn’t be afraid of stricter compliance requirements. Instead, consider enhanced data protection and stronger client privacy as added value for your overall cybersecurity infrastructure.
CMIT Solutions is here to help with practical advice and affordable support.
Depending on the location of your business, the industry it operates in, and its size or scope, compliance can mean many different things.
Consider these four questions:
Here’s how CMIT Solutions helps businesses with data governance and regulatory compliance:
Compliance means more than just ticking a box. Consider it the foundation for a successful business.
HIPAA compliance is a long, winding road for healthcare providers and the businesses and contractors they work with. Whether you are a covered entity or a business associate, CMIT Solutions can help.
The Cybersecurity Maturity Model Certification (CMMC) is required for contractors working with the Department of Defense. CMIT Solutions helps companies prepare for a CMMC audit by performing a preliminary risk assessment and providing an action plan to close the gaps needed to achieve compliance.
CMIT Solutions works within the cybersecurity framework of the National Institute of Standards and Technology (NIST), which requires businesses to Identify, Protect, Detect, Respond, and Recover in the face of data threats. This includes security awareness training and Security Incident and Event Monitoring (SIEM).
The Financial Industry Regulatory Authority (FINRA) regulates the sharing of information and the transparency of transactions conducted by banking, accounting, and tax professionals.
If your business accepts major credit cards as payment, you’re required to comply with the Payment Card Industry (PCI) Data Security Standard. This was established in 2004 to improve protection for card issuers by ensuring that merchants meet minimum standards for the storage, processing, and transmission of cardholder data.
The European Union’s General Data Protection Regulation (GDPR), enacted in 2018, standardizes data privacy laws while increasing the transparency with which organizations approach this hot-button issue. GDPR has had ripple effects across the globe as its standards are adopted by other governments and regulatory bodies.
Effective cybersecurity requires a proactive approach. This includes penetration testing, which simulates a cyberattack against your organization. It allows an IT partner like CMIT Solutions to identify and repair vulnerabilities before a hacker does, as well as support compliance with data privacy and security regulations.
Once your business understands the regulatory requirements imposed on it,
you can take meaningful action to defend your data, empower your employees,
and shield your systems from cybercriminals, increasing your business
reputation and overall cybersecurity in the process.
