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When should I consider a SOC 3 audit?
The best time to get a SOC 3 audit is…when you get a SOC 2 audit because the audits are the same. Why, then, are there two kinds of reports? Because there are two kinds of audiences for them: internal and external. The essential difference between SOC 2 and SOC 3 lies not in the […]
Tags: Audit Management, SOC
December 10, 2023
What is Compliance Testing?
Compliance testing, also known as conformance testing, is a type of software testing to determine whether a software product, process, computer program, or system meets a defined set of internal or external standards before it’s released into production. Internal standards are standards set by an organization. For example, a web application development company might set […]
What is a High-Risk Vendor?
When managing your supply chain, you rely on many external vendors to keep your operations running smoothly. However, not all vendors pose the same risk to your organization. You must identify high-risk vendors that could disrupt your business if issues arise. Conducting thorough vendor risk assessments is crucial to determine potential risks and levels across […]
Tags: Third-Party Management
State RAMP FAQ
Cybersecurity risks have proliferated ceaselessly over the years, and state governments have been a prime target of those attacks. State governments handle vast troves of personal, financial, or healthcare data; their IT security budgets are often meager, and their IT infrastructure can be filled with security holes. So, from the criminals’ perspective, why wouldn’t you […]
Which SOC Report Do You Need?
If your enterprise is a service provider that handles customer data, it should have a System and Organization Controls for Service Organizations 2 (SOC 2) report attesting to its SOC 2 compliance. If you outsource work, your sub-contractors should be SOC 2 compliant, as well. Developed by the American Institute of Certified Public Accountants (AICPA) […]
Tags: Audit Management, SOC
What’s the relationship between COBIT and TOGAF?
Regarding enterprise architecture frameworks, The Open Group Architecture Framework (TOGAF) and Control Objectives for Information and Related Technologies (COBIT) complement each other to give leadership a better understanding of the business. That’s because TOGAF mainly centers around developing an information technology architecture to align with the business’s goals, while the COBIT framework primarily focuses on […]
Tags: COBIT, Technology
What are the Three Internal Controls?
From a business perspective, internal controls have historically held their roots in auditing and accounting. As organizational security has evolved over the years, and data creation and consumption have exploded, internal controls have begun to mean different things to different people. A lack of effective internal controls can lead to issues in detecting misstatements or […]
Tags: Risk Management
What Is the HIPAA Security Rule?
Technology integration has revolutionized how medical professionals operate in today’s healthcare landscape. Clinical applications like electronic health records and various systems for radiology, pharmacies, and laboratories have streamlined operations, enhancing mobility and efficiency within the medical workforce. Alongside these advancements come heightened security risks, emphasizing the critical need for compliance with the Health Insurance Portability […]
Tags: HIPAA
What are the Penalties for Violating the CCPA?
The California Consumer Privacy Act (CCPA) can be expensive to break, with several ways that regulators and the public can bring actions seeking financial damages against a company that has violated the law’s terms. The CCPA is the nation’s most stringent data privacy law, designed to protect California residents’ control over their personal information. The […]
Tags: Audit Management, CCPA
December 5, 2023
What Are the Penalties for Violating HIPAA?
The Healthcare Insurance Portability and Accountability Act (HIPAA) is a U.S. law that governs how organizations must handle protected health information (PHI) and electronic protected health information (ePHI). As a federal law, HIPAA violations can bring both monetary penalties and severe business restrictions. What Does HIPAA Say? HIPAA, enacted by Congress in 1996, is a […]
December 4, 2023
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