What’s Cloud Compliance and How To Achieve It

cloud computing in NYC

Cloud compliance is more than just a buzzword—it’s the way to stay on the right side of the law.

Cloud computing in New York has changed the way we do business, and it’s not going anywhere. That means we have to make sure that our data is secure and safe, or else we could face legal consequences.

cloud services NYC

But what is cloud compliance? And why is it so important? We’ll tell you all about it in this blog post!

What’s cloud compliance?

Cloud compliance is the process of making sure you meet all the standards and regulations that your organization needs to maintain for its cloud services.

Cloud compliance is about meeting the standards and regulations that are specific to your industry, as well as those that are common across many industries (like HIPAA). It also includes ensuring that your data is secured in accordance with any industry-specific or general security standards.

The purpose of cloud compliance is to help you keep your company safe and protect your customers’ data.

Why is cloud compliance important?

Cloud compliance is important because it helps companies meet their obligations to their customers and to the government, which can be an overwhelming task.

Cloud computing allows companies to store data in one location and access it from anywhere. This means that companies don’t have to worry about setting up local servers or maintaining them. The cloud makes it easy for companies to scale their operations by expanding their business across the globe—but it also means that they need a way to keep track of what’s happening with customers’ data.

Cloud compliance ensures that companies can provide the same level of service for their customers, whether they’re located in New York or London. It also ensures that organizations are compliant with various regulations and legislation, including PCI DSS, HIPAA/HITECH, Sarbanes-Oxley Act (SOX), GLBA, GDPR and more.

How to achieve cloud compliance?

Whether you’re trying to stay HIPAA compliant or keep up with the latest security regulations, here are some tips on how to achieve cloud compliance:

  • Understand how your data will be stored and accessed by your users.
  • Make sure that all of your systems are well-maintained and secure.
  • Ensure that you have the right tools in place to monitor your system for vulnerabilities and breaches.
  • Use encryption and other security measures wherever possible.

Cloud Computing in New York has gotten more accessible and affordable with CompCiti. They will take your network to a whole new level with their customized Cloud Services. Contact CompCiti today for all sorts of IT solutions in New York!

Disclaimer:

This content is created and provided by a third-party online content writer on behalf of CompCiti and is for promotional purposes only. CompCiti does not take any responsibility on the accuracy of this article.

Become 23 NYCRR Part 500 Complaint With Trusted Cybersecurity Service in NYC

cyberthreat

On March 1, 2017, New York issued the 23 NYCRR Part 500 guideline, a regulation that demands financial firms to execute a thorough framework to better safeguard the data privacy of their consumers. This is pretty identical to PCI DSS, which also outlays how retailers must display that they’ve taken proper care to prevent data infringements by following specific procedures, installing & maintaining equipment, and reporting.

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The 23 NYCRR Part 500 regulation is applicable to any registered companies to measure their cybersecurity risk profiles and execute a thorough plan that identifies and lessens that risk. To help corporations in preventing data beaches certain regulatory minimum standards have been set, including:

    • Risk based minimum standards for information technology systems, including data protection & encryption, access controls, and penetration testing.

 

    • Requirements that a program is sufficiently funded, supervised by a CISO, and executed by qualified cybersecurity staff.

    • Active incident response plans that encompass preserving data in order to respond to data breaches including notice inside 72 hours to the New York State Department of Financial Services.

 


    • Liability given by identification & documentation of insufficiencies, remediation plans, and certifications of compliance on a yearly basis.

 

    • Audit trails designed to detect & respond to cybersecurity events.

 

    • Annual reports covering the risks encountered, all material events, and the impact on protected data.

 

Cybersecurity

What kind of organizations must comply with The 23 NYCRR Part 500 regulation?

The 23 NYCRR Part 500 regulation covers any companies that’s regulated by the New York State Department of Financial Services.


    • Insurance companies doing business in NY

 

    • Non-U.S. banks licensed to operate in NY

 

    • Trust companies

 

    • Service contract providers

 

    • Private bankers

 

    • Mortgage companies

 

    • Licensed lenders

 

    • State-chartered banks

 

How does a business comply with The 23 NYCRR Part 500 regulation?

To achieve & maintain compliance, a covered company must:

    • Set up an effective cybersecurity program

 

    • Create & maintain a written cybersecurity policy

 

    • Assign a CISO (Chief Information Security Officer)

 

    • Appoint competent cybersecurity staff or use third party providers

 

    • Set up an incident response plan

 

    • Submit notification of incidents to the New York State Department of Financial Services inside 72 hours.

 

CompCiti, a New York based cybersecurity and IT service provider is aware of the difficulties organizations face to become and stay compliant with data privacy regulations. CompCiti offers services tailored to help organizations comply with regulations and follow security best practices. CompCiti provides compliances services for 23 NYCRR 500.

Disclaimer: This content is created and provided by a third-party online content writer on behalf of Compciti, and is for commercial purposes only. Compciti does not take any responsibility for the accuracy of this content.