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What Are the PCI Audit Requirements?
If your organization is mandated to pass an on-site audit and submit a Report on Compliance under the Payment Card Industry Data Security Standard (PCI DSS), there are certain requirements to which you must adhere to be an approved scanning vendor. You must either: Hire a Qualified Security Assessor certified by the PCI Security Standards […]
Tags: Compliance, PCI
October 31, 2023
How Frequently Should You Audit for SOC 2?
After your first System and Organization Controls for Service Organizations 2 (SOC 2) report, you’ll most likely want to follow up every year with a new audit and report. But you can have them done more often. And in some cases, you probably should. First, however, it’s important to determine which kind of SOC audit […]
Tags: Audit Management, SOC
What Is a SOC 2 Audit?
What is a SOC 2 Audit? A System and Organization Controls for Service Organizations 2 (SOC 2) audit evaluates how well a service provider’s internal controls protect customer data’s privacy and security. Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 is essential for SaaS companies, cloud providers, and other service organizations […]
Tags: Audit Management, SOC
What are Internal Controls for Cash?
When determining your organization’s risk management and security policies, establishing internal controls is a crucial part of the process. Internal control procedures help protect your organization from finances, strategy, and overall reputation risks. Controls serve as a check-up to ensure your business runs effectively and efficiently. Internal controls relating to finance help your organization maintain […]
What is HIPAA Compliance?
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that requires healthcare organizations to protect sensitive patient health information or Protected Health Information (PHI). HIPAA establishes standards for the privacy and security of electronic Protected Health Information (ePHI). The primary goal of HIPAA is to safeguard medical records and individually […]
What is PCI Compliance Level 1?
The Payment Card Industry Data Security Standard (PCI DSS) was enacted in 2004 to assure that all businesses that accept, handle, store, or transfer credit card information operate securely. PCI compliance is required for all merchants and service providers that process payment cards for in-store and e-commerce transactions. PCI requirements differ depending on the number […]
Tags: PCI
Do I Need a SOC 2 Report?
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 Are the Steps of an Audit?
Audits are a critical internal audit process for businesses and organizations to ensure compliance, manage risk, and validate that your business follows processes and procedures correctly. But what exactly are the audit steps involved in conducting an effective audit? In this post, we’ll walk through the end-to-end audit process so you understand the methodology and […]
Tags: Audit Management
What is a PCI Readiness Assessment?
A Payment Card Industry Data Security Standard (PCI DSS) readiness assessment helps an organization evaluate if it is prepared for a full PCI DSS validation audit or Self-Assessment Questionnaire (SAQ). A PCI DSS readiness assessment, also known as a “gap analysis,” identifies gaps in an organization’s PCI compliance posture. It pinpoints areas needing improvement to […]
Tags: PCI
Tips for Effective Vendor Management
The modern corporation depends on hundreds of vendors (at least) to provide supplies and mission-critical services. Astute management of those vendors can reap enormous benefits, but the art of vendor management is no easy thing. It requires discipline and attention to detail – and usually a dedicated technology tool to help. Effective vendor management is […]
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