Compliance And Security: How Small Businesses Can Reduce Cost

Different facets of compliance management

Are you responsible for the ongoing effectiveness of your security strategy and compliance audits in your small business or organization?

Some of the main threats facing small businesses and organizations today include:

  • Data breaches,
  • The lack of  dedicated security expert on staff,
  • Being an easy target for hackers,
  • The tendency to mishandle device configuration settings  and
  • Staying in  compliance with state and federal laws and regulation.

A primary concern for any business owner is the guardianship of customer and business data from increasing external threats to security, and tougher compliance requirements in regulated industries.

As a matter of fact, today, organizations and businesses must manage, govern and ensure compliance for the overwhelming amount of data they produce, especially in the face of global legislation like CCPA and GDPR, rather than national regulations.”

Some of the biggest compliance-related issues that organizations face today include:

BYOD And Compliance Management

Bring your own device, or BYOD involves the use of personal mobile devices like smartphones and tablets computers for business purposes. The compliance part of it is dealing with the attendant security vulnerabilities that come with allowing employees to use their personal devices to conduct official business.

Although organizations can mitigate this issue through the deployment and enforcement of a strong bring-your-own-device policy backed up by technical controls, not many are in a position to do so due to cost and personnel limitations.

Mobile device management protocols, such as Google Mobile Device Management, are key to oversight in this area because they provide the ability to remotely remove access to selected accounts or wipe a device.”

Furthermore, managers can prevent critical data from being compromised (getting lost lost or stolen) by enforcing mobile device management tools.

Software management (updates and patches)

Keeping up with software updates and patching existing software when vulnerabilities are detected is another major issue for IT organizations.

As the number of third-party vulnerabilities discovered in commercial and open source software keeps increasing, those responsible for managing technology in small organizations are left scrambling to ensure that software is patched in order not to expose their organization to unnecessary risks.

IT managers need to ensure that their organizations are current with software updates and immediately patch any known vulnerabilities.

EDI/vendor management

A major vulnerability of many companies comes from Electronic Data Interchanges (EDI) and vendor system integration. In fact, as many as 63 percent of all reported data breach originate directly or indirectly from third-party vendors.

For example, some of the most well-known data breaches, from Target (HVAC) to Home Depot (POS software on handheld devices) to Philips (payroll processor), have originated as breaches at a third-party vendor. Managing not only vendor information security but also vendor compliance with privacy laws is a major undertaking and significant compliance challenge, especially for small organizations.

A Managed Audit will keep you one step ahead of potential attackers by giving you a comprehensive way to regularly assess and report on possible vulnerability, configuration and compliance related issues on your network.

Internet of Things (IoT) Devices And Compliance Management

As noted by Jennifer Lonoff Schiff, with the proliferation of the internet of things (IoT), there is explosive growth in the number of endpoints and interconnected devices, and to date, unfortunately, IoT security standards have lagged, creating a potentially huge number of new vulnerabilities in organizations’ networks.

Unlike some other threats to an organization’s network, IoT endpoint vulnerabilities could ultimately lead to more than financial or reputational harm, but actual physical harm to individuals, if not properly managed.

So, to make sure that IoT systems in your organization are fully compliant to security regulations, you should schedule annual penetration testing in addition to using a managed compliance service.

What is Compliance Management

To quote Sonia Pearson, “Compliance” refers to sticking to the rules. Meaning, you need to comply with relevant legislation, as well as any internal or external standards.

Not sticking to compliance can lead to damage done towards both the company and it’s customers. You would certainly want your employees to work in a way that protects your clients’ data from being stolen by a hacker, for example.

Compliance management, therefore,  is the process by which managers, plan, organize, control, and lead activities that ensure compliance with laws and standards.

These activities can include:

  • Internal audits
  • Third-party audits
  • Security procedures and control
  • Preparing reports and providing supporting documentation
  • Developing and implementing policies and procedures to ensure compliance

Key Features of Compliance Management

  • Industry Leading software

Knowing you are protected from the latest known vulnerabilities with intelligently updated audits database that include a 48-hour Service Level Agreement (SLA) for critical vulnerabilities.

  • Prioritize and streamline remediation

Risk scoring and prescriptive guidance on issues through executive and task specific reporting speeds time to repair issues

  • Vulnerability landscape

Goes beyond application security identifies patch, configuration, hardware and operating system level vulnerabilities

  • View Trends and remediate

Detailed reports provide prescriptive guidance and viewing trends over time allows you to see how network security and compliance is being continually improved

  • Support and guidance

The assessment is the starting point. Security, configuration and compliance are always changing. We ensure your IT assets and infrastructure are protected.

Benefits of a Managed Compliance solution

  • None intrusive

We perform a scan of your entire network without interrupting your day-to-day business or device operation. The environment is assessed, capturing established security controls along with any vulnerabilities or configuration violations that impact the network.

  • Prioritize what’s important

Following the audit a detailed report offers risk scoring prescriptive guidance enabling you to address the most critical issues first, to secure your environment.

  • Address issues quickly

In addition to prioritizing problems the audit also provides prescriptive advice to assist in remediating the found issues. This helps to accelerate the time to address identified issues. It’s like having your own consultant, at a fraction of the cost!

  • Reduce operating costs

A security incident can paralyze your business. Failure to meet regulatory requirements can lead to hefty fines. Identifying and eliminating these risks will save you money!

  •  Total peace of mind

Knowing that your network is protected from the latest known vulnerabilities and you are partnered with team of experts that can protect your network 24/7

Why You Should Use A Managed Compliance Solution

Reduced Costs

  • Prevention is less costly than remediating problems.
  • Fines for non-compliance in regulated industries can be avoided.

Improved productivity

  • Multiple scans can be run simultaneously if needed, saving you time.
  • Software only solution no hardware installation or configuration required.

Increased awareness

  • You network and devices are frequently monitored so you are alerted if a problem arises.
  • Audit database is updated daily with the latest threat and vulnerability vectors

Increased confidence

  • Knowing that your network and devices are optimized to provide maximum protection.
  • You are not going to be taken by surprise by a security incident or compliance issue.

Don’t risk your business, identify, prioritize and rectify issues.

Security issues and compliance costs are already eating into already tight IT budgets. Also, a small business presents an easier target for a would-be attacker.

Managed compliance service by Tech Prognosis will provide the advanced scanning and reporting needed to safeguard your business information by identifying vulnerabilities and compliance issues found on your network and devices.

You also have access to domain expertise to assist with proactive approach to ensuring the protection of your data, and your business, against loss by securing your data in our NOC.

Protect your business or organization in Round Rock and surrounding cities. Call us today at (512) 814-8044, or use this form to schedule a Consultation.

You can also reach us via our web site