The intersection of IT, Compliance, and Privacy in cybersecurity involves implementing technical controls to secure IT systems, ensuring compliance with relevant regulations and standards, and protecting individuals’ privacy rights. Organizations need to consider these aspects holistically to build a robust cybersecurity framework that addresses IT security, regulatory compliance, and privacy requirements.
Why is compliance important?
Implementing robust cybersecurity compliance measures offers numerous advantages to organizations:
Legal and Regulatory Requirements: Many industries have specific laws and regulations governing the protection of sensitive data and ensuring the security of information systems. Compliance with these requirements is essential to avoid legal consequences, penalties, and reputational damage.
Data Protection and Privacy: Compliance measures, such as encryption, access controls, and data retention policies ensure that personal and confidential information is handled appropriately, maintaining privacy and protecting individuals’ rights.
Customer Trust and Reputation: Compliance with cybersecurity standards enhances customer trust and confidence. Organizations that prioritize data security and demonstrate compliance with industry regulations are seen as responsible custodians of sensitive information.
Risk Management: By implementing compliance measures, organizations proactively mitigate risks, reduce the likelihood of security incidents, and minimize the potential impact of breaches. Compliance efforts often include risk assessments, security audits, and vulnerability management processes.
Industry and Partner Requirements: Many organizations require their vendors and partners to meet specific security and compliance requirements to ensure the protection of shared data and systems. Compliance helps organizations meet these contractual obligations and maintain business relationships.
Incident Response and Recovery: These plans enable organizations to effectively respond to and recover from security incidents, minimizing downtime, data loss, and financial damage. Compliance measures focus on incident detection, reporting, containment, and remediation, enhancing an organization’s overall cybersecurity resilience.
Competitive Advantage: In certain industries, cybersecurity compliance can provide a competitive edge. Compliance can be an essential factor for customers when choosing service providers or partners, particularly in sectors where data security is critical.
Cybersecurity compliance is essential for mitigating risks, protecting data, maintaining trust, meeting legal obligations, and establishing a resilient and reputable cybersecurity posture. It helps organizations operate in a secure and responsible manner in today’s increasingly interconnected and data-driven business landscape.
What We Offer
Our extensive expertise in documenting, designing, advising, and auditing IT Compliance, Data Privacy, and Cyber Security controls will ensure you obtain the right level of CMMC certification for your government contracts.
The California Consumer Privacy Act (CCPA Compliance) protects all personal information that identifies, relates to, describes, is capable of being associated with, or may reasonably be linked, directly or indirectly, with a particular consumer or household.
CMS DE and EDE Pathway
Both CMS DE and EDE aim to simplify the enrollment process and provide individuals and families with assistance and options for obtaining health insurance coverage through the Marketplace. Elevate can help your organization implement EDE through: project planning, audit preparation, penetration testing, vulnerability sans, and advisory monitoring.
CSA Star Certification
The CSA STAR certification involves a rigorous assessment of a CSP’s security controls and capabilities across various domains, including data protection, identity and access management, network security, vulnerability management, and incident response. The certification helps organizations evaluate the security of CSPs and make informed decisions when selecting a cloud service provider.
DFARS compliance focuses on safeguarding the confidentiality, integrity, and availability of controlled unclassified information (CUI) within the defense supply chain. This is necessary for defense contractors to continue doing business with the DoD. Failure to comply with DFARS requirements can result in the loss of contracts or legal repercussions.
DOL Cybersecurity Controls
The Department of Labor (DOL) cybersecurity controls ensure the security and protection of information systems and data.. These controls aim to mitigate risks and prevent unauthorized access, data breaches, and cyber threats. Compliance with DOL cybersecurity controls helps safeguard sensitive information and promotes a secure computing environment within the department.
Compliance with FedLine requirements ensures the protection of sensitive financial data, prevents unauthorized access or manipulation of transactions, and maintains the integrity and confidentiality of financial operations. It helps to establish trust and confidence in the financial system and promotes secure and reliable interactions between financial institutions and the Federal Reserve.
By achieving FedRAMP compliance, CSPs demonstrate their ability to protect federal data and systems, ensuring confidentiality, integrity, and availability. It enables federal agencies to confidently adopt cloud services while adhering to federal security requirements and standards.
GLBA (Gramm-Leach-Bliley Act)
GLBA compliance aims to protect the privacy and security of consumer financial information held by financial institutions. This requires financial institutions to implement specific measures to ensure the confidentiality and integrity of customer data including: establishing privacy policies, providing notice to customers about the sharing of their information, and implementing safeguards to protect against unauthorized access or use of customer data.
Compliance with HIPAA HITECH helps protect the confidentiality of patient health information, promotes secure electronic exchange of health data, and ensures accountability within the healthcare industry. It applies to covered entities, including healthcare providers, health plans, and healthcare clearinghouses, as well as their business associates who handle PHI on their behalf.
HITRUST certification is widely recognized and valued in the healthcare industry as a comprehensive security framework, helping organizations safeguard sensitive healthcare information and meet regulatory requirements. Elevate provides security strategy, process, and implementation services to help improve your information security needs in preparation for the rigorous HITRUST assessment process.
We can serve as your technical IT outsourced and/or co-sourced internal audit function and provide the depth and expertise required to perform your IT audits and/or augment your team when deep expertise is required (e.g. Cloud Security, Internet of Things, AS400, and other legacy systems, Network Security, etc.).
ISO 9001:2015 Quality Management Systems
ISO 9001 certification demonstrates that an organization has implemented effective quality management practices to consistently provide products or services that meet customer requirements and enhance customer satisfaction. By achieving this certification, organizations can enhance their credibility, demonstrate their commitment to quality, and gain a competitive edge in the marketplace.
ISO 27001 Readiness and Remediation
ISO 27001 is an internationally recognized standard for information security management systems (ISMS). By achieving ISO 27001 certification, organizations demonstrate their commitment to information security, gain assurance in their ability to protect sensitive data, and enhance trust among customers, partners, and stakeholders. It provides a benchmark for best practices in information security management and helps organizations establish a robust security foundation.
SEC and Broker Dealers
FINRA’s best practices encompass a range of areas. They emphasize the importance of robust risk management frameworks, internal controls, and compliance systems to safeguard investor interests and maintain market integrity. At Elevate, we work with broker-dealers and registered investment advisors to ensure you have adequate controls in place to pass examinations and mitigate cybersecurity threats.
SOC 1 / SSAE 18
SOC 1/SSAE 18 provides assurance to user organizations that the service organization has implemented adequate controls to protect the integrity and security of the financial information processed on their behalf. It is specifically designed for service organizations that provide services to other entities and may impact the financial reporting of those entities. It focuses on internal controls over financial reporting (ICFR) and helps provide assurance to user organizations and their auditors regarding the effectiveness of the service organization’s controls.
SOC 2 compliance focuses on evaluating a service provider’s ability to protect customer data and ensure the security and privacy of their systems and operations. This compliance report provides assurance to customers and stakeholders that the service organization has implemented and follows appropriate controls to mitigate risks and protect sensitive information.
Sarbanes Oxley (SOX)
The main objectives of SOX compliance are to enhance financial accuracy, prevent fraudulent activities, and protect the interests of shareholders and the general public. Non-compliance with SOX can result in severe penalties, including fines, imprisonment, and damage to a company’s reputation. To achieve SOX compliance, organizations typically engage in internal control assessments, independent audits, and the implementation of robust governance and risk management processes.
SWIFT CSP V2023
The SWIFT CSP was introduced in response to the increasing cybersecurity threats targeting the financial industry. It aims to enhance the security of SWIFT messaging and prevent unauthorized access, fraud, and data breaches. SWIFT CSP compliance is mandatory for all financial institutions that use the SWIFT network. Compliance is assessed through self-attestation and regular audits conducted by SWIFT or authorized third-party assessors to ensure ongoing adherence to the security controls and practices defined by the CSP.
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