Being entrusted with sensitive financial, medical or Personally Identifiable Information (PII) data makes firms prime targets for cybercriminals. Making sure that your business is compliant with standards like SOC 2 helps ensure that proper security measures are in place to protect your client data and maintain trust.
Having the ability to demonstrate that you have the necessary security and controls in place, provides insurance companies the ability to measure their exposure to risks and calculate the insurance premium for cyber insurance. The better the controls and security steps taken, the lower the risk. Consider getting a security assessment conducted and implement additional cyber strategy steps, if suggested.
Organizations are today facing unprecedented cybersecurity risks with the rapid adoption of digital virtual environments, coupled with inadequate cybersecurity preparedness, leaving them vulnerable to a cyberattack. Leverage the expertise of cybersecurity experts to conduct periodic assessments of your organization’s level of preparedness, as well as analysis of activity in your network to ensure you have adequate controls in place and take corrective action.
SOC 2, ISO 27001, other similar certifications and ongoing audits require preparation and information gathering that can be time consuming and difficult for internal teams to handle. Regardless of the compliance or regulatory needs, it requires collecting and providing evidence that attest to the controls you have in place on a daily basis. Leveraging the help of external providers or the appropriate technical platforms can help monitor and attest to the controls that you need to have in place for the certifications.
Compliance frameworks provide a roadmap for implementing robust security controls, reducing vulnerabilities, and addressing potential threats. By adhering to these guidelines, accounting firms can minimize the risk of breaches and protect their customer's sensitive information.
Certainly! Investing in compliance may require upfront costs and effort, but it's far more expensive to recover from a cyberattack or data breach. By prioritizing compliance, you can avoid costly fines, recovery costs, reputational damage, and client loss.
It demonstrates your firm's commitment to data security, privacy, and ethical practices. This can help attract clients who value these qualities and set your firm apart from competitors.
Engaging a professional with industry-specific expertise like ours can help firms understand their compliance obligations and implement effective strategies to meet them.
Absolutely! As cybersecurity threats and regulations evolve, firms must continually assess their compliance posture to ensure they maintain the highest level of protection for their clients' data.
