A joint survey conducted by Globalscape and the Ponemon Institute
revealed an enormous return on investment for compliance solutions:
Putting a formal compliance charter in place saved businesses an average of $520,000.
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.
Putting a formal compliance charter in place saved businesses an average of $520,000.
Mitigate risk with real expertise
CMIT Solutions starts every compliance conversation with a risk assessment that prioritizes short-term needs and plans for long-term success. Our approach provides essential compliance services that work within your budget.
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.
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:
How do you
define personal
information?
What kind of protection is required for that information?
How can your customers exert control over their data?
Ready to address big risks, secure important information, and protect the privacy of your clients?
Here’s how CMIT Solutions helps businesses with data governance and regulatory compliance:
Guidance
CMIT Solutions provides companies across North America with compliance best practices so they don’t have to incur the cost of hiring a full-time security expert.
Coordination
Our data security protocols connect employees, computers, and networks. This gets everybody—and every device—on the same compliance page.
Assessment
CMIT Solutions reviews existing security and implements enhanced regulations to satisfy an array of industry and government standards.
Training
Meeting stringent compliance requirements shouldn’t be a once-a-year scramble. Instead, we integrate compliance instruction into day-to-day workflows.
Flexibility
CMIT Solutions helps businesses respond to changing conditions without missing a beat—especially in states where new compliance laws have passed.
HIPAA
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.
CMMC
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.
NIST
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).
FINRA
The Financial Industry Regulatory Authority (FINRA) regulates the sharing of information and the transparency of transactions conducted by banking, accounting, and tax professionals.
PCI
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.
GDPR
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.
Penetration Testing
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.
The Benefits of Compliance
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.