In recent years, there has been an influx in governmental and industry-specific regulation meant to protect personal and sensitive information from data breaches. These laws and regulations affect any industry that handles private information, especially the financial industry. As new cyberthreats arise, rules must change accordingly to keep information safe. The only problem is, every adjustment to the stipulations makes it that much harder to stay compliant.
The Importance of Financial IT Compliance
Maintaining compliance sounds simple on its face. Follow the rules and you’re compliant. However, regulatory requirements are continually changing. Not to mention, some rules are specifically targeted at the financial sector. Some of these include the General Data Protection Regulation (GDPR) mandate, the Payment Card Industry Data Security Standard (PCI-DSS), Sarbanes-Oxley, and others. To make compliance management easy, many financial institutions rely on managed security services offered by a software as a service provider, such as ITque.
The Penalty of Noncompliance
Companies within the financial sector manage an ever-growing database of private and/or sensitive information. As such, financial institutions are responsible to protect that information from data breaches. If a data breach were to occur, that organization could face stiff penalties and repercussions such as:
- Hefty fines
- A loss in confidence from customers
- Damage to reputation
- Costs related to finding the source of the breach and fixing the problem
The Benefits of Partnering With an MSP
The policies for cybersecurity and data protection for the financial industry are clearly defined. These regulations do a great job explaining the expectations that must be met, but they don’t really tell you how to achieve those expectations. This is where the benefits of working with managed service provider (MSP) comes into play. By partnering with an MSP company such as ITque, you’ll have access to IT professionals who know the ins and outs of financial industry compliance. You can rest easy knowing an entire team of experts are hard at work keeping your organization compliant with current standards.
What ITque Can Do for You
As a leading network security provider, ITque will work with you to provide a comprehensive security solution to meet the needs of your business. A few of the services we offer include:
- 24/7 monitoring and support
- Antivirus and intrusion protection
- Disaster recovery
- Data backup and protection
- Network security
Not only will your company experience top-of-the-line online data protection, but so will your customers.
Compliance Made Easy
At ITque, we strive to provide our clients with solutions that make sense for their businesses. Our highly trained technicians have over 120 years of combined experience and have worked with organizations such as the IRS, Marriott Hotels, El Camino Hospital, and others. No matter how big or small your business is, we’ll protect you from any potential cyberthreats and keep you compliant with regulations. After an initial risk assessment, we’ll put together a game plan and fix those vulnerabilities to keep your network safe.
Call Scott at ITque today: 408-500-0724.