Compliance as a Service to help you seamlessly
maintain and demonstrate your regulatory compliance

Given the increasingly stringent privacy regulations across the globe, you can no longer put
compliance on the back burner. Being compliant requires both fulfilling all your obligations under
applicable regulatory standards and providing proof of the same. Thus, to pass critical audits,
you must have documented validation of compliance.
You need a comprehensive solution that automates and streamlines your compliance processes,
making it easier for you to adhere to extensive regulatory requirements.

Streamline Your Regulatory Processes with Compliance as a Service

Compliance as a Service (CaaS) is an IT solution that employs cloud computing to store data and
manage regulatory compliance for businesses. It not only stores sensitive data in compliance with
regulatory requirements but also helps in reporting and managing compliance across your
organization.
Here is a roundup of major reasons why CaaS is important for your business:

Simplifies the Compliance Process

With the help of the right CaaS solution, you no longer need to spend hours staying updated with the
latest regulatory changes, preparing correct documents for regulatory bodies, and managing your
data security. Your CaaS solution will take care of all that and more.

Easily Configurable

CaaS solutions can be easily subscribed to and configured based on the unique compliance needs of
your business. That said, the right CaaS solution will save you a lot in terms of time, energy, and
resources required to keep up with the changing regulatory requirements for your business.

Provides Automatic System Updates

With the right CaaS solution, you can stay away from the hassle of having to update your systems
every time an industry regulation changes. Your service provider will automatically roll out the
updates for you.

Why CaaS?

An all-inclusive CaaS solution can help businesses streamline their compliance processes and stay
up to date by the evolving regulatory environment. The right CaaS solution:
• Helps in demonstrating compliance with the various standards through automated reporting
and scanning
• Documents and audits compliance from a single pane of glass
• Provides scheduled network scans to identify potential security threats, detect ongoing issues,
and send alert notifications
• Identifies security vulnerabilities through automated assessments of your internal and public
environments


HIPAA


HIPAA or Health Insurance Portability and Accountability Act is a compliance standard that is
designed for the protection of sensitive patient data. Any organization that deals with protected
health information (PHI) is obligated to maintain and follow the process, network, and physical
security measures to be HIPAA compliant.
Concerns Associated with HIPAA Compliance
• HIPAA violations attract hefty penalties.
• Adequate training for handling PHI and dealing with malicious security attacks is critical.
• It is imperative to have a Security Incident Response Plan (SIRP) in place to deal with a security
event.
• Professional assistance is required to handle the complexity of audits and maintain the right
documentation.


GDPR


GDPR or General Data Protection Regulation (GDPR) is essentially a regulatory standard according to
which businesses are obligated to protect the privacy and personal data of European Union (EU)
citizens for all transactions that are carried out within the EU member states. GDPR is intended to
unify and reinforce data protection for all individuals that reside within the EU and control the export
of personal data outside the EU.
Concerns Associated with GDPR Compliance
• Businesses need to be prepared to adapt, test, maintain, and demonstrate compliance with
the evolving GDPR requirements.
• Non-compliant businesses are liable to pay hefty penalties and can also be temporarily or
definitively banned.
• Ambiguous terms and lack of clarity render GDPR compliance difficult to handle without
professional assistance.
– 3 –


Cyber Insurance


Cyber Insurance is a type of insurance product that is designed to protect businesses against the
potential damages associated with cybercrimes such as ransomware and malware attacks. It is a
customizable solution for businesses to mitigate specific risks associated with cybersecurity breaches
and prevent unauthorized access to their sensitive data and networks.
Concerns Associated with Cyber Insurance Compliance
• Cyber Insurance coverage can be unclear and confusing. It’s hard to understand what is
covered and what is not – want to be certain you are picking the right coverage.
• The policies are complex and possess certain constraints and limitations that can be difficult
for businesses to interpret. It is vital that you have adhered to and fulfilled all policy
requirements to ensure that your claims are denied.


NIST CSF


The National Institute of Standards and Technology (NIST) has developed a framework called the
Cybersecurity Framework (CSF) for streamlining cybersecurity for private-sector businesses. NIST CSF
is a set of voluntary standards, recommendations, and best practices that are designed to help
organizations prevent, identify, detect, respond to, and recover from cyber-attacks.
Concerns Associated with NIST Compliance
• Most businesses do not possess the in-house expertise of safely assessing NIST requirements.
• Businesses need to understand their unique cybersecurity risks and vulnerabilities to properly
design, implement, and manage their security programs and best practices.