What is IT Compliance?

IT compliance is the process of meeting a third party’s conditions with the objective of regulating business operations in a particular industry or aligning with laws or even with a particular client.

Compliance often overlaps with security, but the motive behind compliance is different. It’s centered around the conditions of a third partysuch as:

  • Industry Guidelines
  • Government Regulations
  • Security Rules
  • Insurance Policies 

Frequently, these external rules ensure that a given business or entity can deal with complex requirementsOccasionallycompliance requires an business or entity to go beyond what might be considered necessary. These objects are critical to success because a lack of compliance will affect. At minimum, a loss of client trust and damage to your business’ reputation. At worst, legal and monetary ramifications that could affect in your association paying hefty fines or being blocked from working in a certain industry or market.

What Industries Are Regulated The Most?

  • Healthcare & Medical
  • Insurance
  • Government Entities
  • Financial & Wealth Management
  • Communication

Not in any of these industries? If you do business for these industries you could fall under their regulations as well. More critical policies are being implemented in various sectors requiring vendors to comply with industry standards.

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Compliance Reports For Cyber Insurance Coverage

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The Cyber Risk Analysis Report aggregates risk analysis from multiple assessments performed on the network, providing you with both a Cyber Risk Score and a high-level overview of the health and security of the network. This includes a summary of individual issues, as well as their severity and weighting within the risk analysis.
The Management Plan ranks individual issues based upon their potential risk to the network while providing guidance on which issues to address by priority. Fixing issues with lower Risk Scores will not lower the Overall Risk Score but will reduce the global Issue Score.
The report identifies specific and detailed instances of personal identifiable information (PII) throughout your computer network that could be the target of hackers and malicious insiders.
This report provides comprehensive documentation of the current configuration and use of the network. The report shows assets in high-level views, allowing you to easily get an overall assessment of the entire network.

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About Compliance

Sometimes it’s easy to determine what compliance level you fall into. Other times you could fall in multiple levels and not sure what overlaps.

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SIMPLIFY CYBERSECURITY COMPLIANCE

IT Compliance Management Tool

Compliance is 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 and data breaches.

Compliance comes in different standards such as:

  • National Institute of Standards and Technology (NIST)
  • Payment Card Industry (PCI)
  • Health Insurance Portability & Accountability Act (HIPAA)
  • Cybersecurity Maturity Model Certification (CMMC)
  • General Data Protection Regulation (GDPR)