Reduce LIAbility. Increase value.Compliance
Compitav provides Compliance-as-a-Service to clients handling sensitive data and those at risk of breaching data protection laws. In addition to the mandate placed upon businesses by regulators, customers expect companies to be dutiful in protecting their data. A breach poses a legal, financial, and reputational risk.
We see compliance risks increasing and threats of cyber attacks growing more
sophisticated. Our response? A more robust and innovative approach to operational
We Know Regulatory Compliance
Regardless of your industry, niche, or business model, you need a compliance partner who understands the dynamics of regulatory compliance.
The Health Insurance Portability and Accountability Act sets the standards for the protection of shared patient data. The Act places responsibility on healthcare institutions, health insurance companies, as well as public institutions, their associates, and subcontractors.
The Financial Industry Regulatory Authority Act regulates and protects participants in the financial industry. It governs cybersecurity and technology oversight, record keeping, communications, and financial management.
The Sarbanes-Oxley Act places responsibility on public companies to be transparent in financial reporting to prevent fraud. Companies are responsible for providing reports measuring internal control processes.
The International Standards Organization is an independent international organization made up of member bodies that share knowledge and develop consensus-based standards in different industries. At Compitav, we help you conform to the relevant ISO standards in your sector so that you can obtain certification from ISO.
The General Data Protection Regulation unifies data privacy laws in countries within the European Union. It imposes penalties for non-compliance by any business that collects the personal data of citizens of the EU. We help our clients understand the implication of this Act on their operations.
California Consumer Privacy Act (CCPA)
The California Consumer Privacy Act (CCPA) is meant to give more power to consumers in California to know what kind of data businesses are collecting on them. The law guarantees them the right to delete or opt-out of the sale of personal information.
Payment Card Industry Data Security Standard (PCI DSS:) These are sets of standards developed by Visa, MasterCard, American Express, Discover Financial Services, and JCB International. These influential brands are heavily invested in ensuring the safety of customer information to prevent data and theft. Though not legally enforceable, PCI certification is regarded as the best way to provide assurance on the safety of sensitive customer information and helps build trust with your customers.
National Institute of Standards and Technology
NIST is a U.S. government agency that develops standards and measurements across multiple industries. Its mission is mainly to support innovation and industrial competitiveness. The guidelines developed by NIST help organizations build technology that can scale to an industrial level.
The Federal Risk and Authorization Management Program
FedRAMP essentially provides guidance on the adoption and use of cloud services by federal government agencies. It heavily emphasizes security and protection of information. We help businesses that are FedRAMP stakeholders understand the provisions of the guidelines provided.
Gramm-Leach Bliley Act
This Act concerns financial products and service providers. It imposes responsibility on companies to disclose their information-sharing practices to their customers and also requires measurement initiatives to ensure information security.
SOC 1 & SOC 2
Service Organization Control 1 & 2 provide guidance for financial information reporting and handling. Specifically, SOC 2 gives a framework for reporting cloud and data center security controls. At Compitav, we unpack the complexities of these frameworks and help your company to prepare proper SOC 1 and 2 reports.
The Personal Information Protection and Electronic Documents Act is a law that was passed in Canada originally in 2000 but has since been revised, most recently in 2019. It requires that organizations obtaining personal information obtain an individual’s consent when collecting, using, and disclosing such information to third parties.
The Compitav Compliance Difference
Compitav offers a multi-layered approach involving deployment tools, analyzing processes, and internal redundancies designed to quickly spot weaknesses and provide immediate training solutions ongoing.
These solutions include:
Continuous Monitoring & Security Audits
Continuous monitoring for new regulatory risks and advice for safeguarding against potential threats. When businesses enter new jurisdictions, we perform comprehensive audits to ensure our clients aren’t exposed to regulatory breaches.
Implementing cybersecurity projects for our clients. When we take up these projects, we deploy the right firewalls and detection systems. We ensure all clients’ data is encrypted both in transmission and at rest.
Conducting regular and ad hoc training for clients’ staff to eliminate the risk of security breaches resulting from human error.
Advising clients on the proper data storage and backup solutions based on industry and legal requirements.
Data Protection Plans
Drafting internal data protection processes tailored to your business, specifically.
Regular Compliance Audits
Actively conducting compliance audits regularly and recommending improvements based on our findings.