Financial institutions handle a high volume of personal and sensitive information on a daily basis. Since this is the case, the industry and government have created regulations to protect consumers from the threat of data breaches and leaks. As cyberthreats evolve, these regulations must adapt and change accordingly. As a result, financial institutions must continually update their security measures to keep up with the shifting regulatory landscape.
Navigating the road to regulatory compliance on your own can be difficult. Why not leave that task up to a company that specializes in this area? When you hire SSE for your managed IT services, you’ll have access to IT professionals who thoroughly understand the ins and outs of regulatory compliance for the financial industry. We won’t stop at protecting your network, we’ll also help you prepare for and pass compliance audits. Our goal is to make compliance management worry-free so you can focus on the more important aspects of your business.
Financial IT Compliance Audits
Financial businesses face numerous challenges, not the least of which is cybersecurity compliance. Failing to meet compliance standards can result in stiff repercussions like substantial fines and a damaged reputation. An audit is meant to help improve your cybersecurity by assessing your organization’s adherence to the regulatory stipulations set by state, federal, and corporate entities. However, passing an audit can be confusing and overwhelming for many companies—especially in times when you have to follow standards set by other industries like the Health Insurance Portability and Accountability Act (HIPAA).
How SSE Can Help You Prepare and Pass an Audit
SSE can help you avoid the costly consequences of non-compliance by preparing you for an external audit. We’ll start by performing our own audit, where we’ll analyze and evaluate your infrastructure and associated risks. If you’re missing compliance procedures or your processes are inefficient, we’ll locate and identify those gaps and weaknesses.
With this information, we can fix security issues and refine your compliance processes. Our experts will then work closely with your team to formulate an effective and cohesive, long-term compliance strategy that fits with your business needs.
Passing your external compliance audit is a breeze when you partner with SSE.