Managed Security Compliance

Managed Security Compliance

An organization’s security posture is essential to prevent cybersecurity accidents, incidents, risks, events, etc. A robust cybersecurity system helps organizations adhere to globally renowned standards and procedures.

Securesee helps achieve compliance standards by-

1. Identifying the organization’s currently established security system.
2. Detecting the applicable security and policy measures. These could include GDPR and PCI DDS.
3. Conducting a risk assessment and tallying it to lack of compliance, if any.
4. Developing security policy and procedures within the current scope of the security framework.
5. Implement security methods from the analysis. This includes firewalls, antivirus software, encryption, and more.
6. Test these newly established security methods for operative purposes and create a report.

7. Conduct regular audits to ensure compliance.
Securesee performs security compliance for ventures, enabling growth and development in sturdy, reliable, and robust tangible and intangible cyber capital.

Securesee overseas compliance through managing experts with years of experience. Once associated with the team, an organization can easily cut managerial costs. Moreover, the accuracy of these systems can be maintained with regular guidance from industry-leading experts.

Table Of Contents

ISO27001
NIST SP 800-53
SOC II
PCI_DSS
HIPAA: Health Insurance Portability and Accountability Act (Security Aspect)

ISO27001 (International Organization for Standardization)

ISO/IEC 27001 is an international information security management system (ISMS) standard. It provides a framework for organizations to establish, implement, maintain, and continuously improve their information security management. Here’s a breakdown of its key aspects:

  1. Applicability:
    • ISO/IEC 27001 applies to any organization, regardless of size, type, or nature.
    • It’s particularly relevant for organizations that handle a significant amount of data or where information protection is critical, such as IT, finance, healthcare, and government sectors.
  2. Purpose:
    • The primary purpose of ISO/IEC 27001 is to help organizations protect their information assets securely and systematically.
    • It aims to ensure information confidentiality, integrity, and availability by applying a risk management process.
    • It helps organizations to comply with legal, regulatory, and contractual requirements regarding data security, privacy, and IT governance.
  3. Main Requirements:
    • Risk Assessment: Identifying and assessing information security risks.
    • Risk Mitigation: Implementing controls to manage or reduce identified risks and defining risk acceptance criteria.
    • Security Policy: Establishing an information security policy.
    • Asset Management: Identifying information assets and defining appropriate protection responsibilities.
    • Human Resource Security: Ensuring employees, contractors, and third-party users understand their responsibilities.
    • Physical and Environmental Security: Protecting physical and virtual IT assets.
    • Communications and Operations Management: Managing technical security controls in systems and networks.
    • Access Control: Restricting access to information and information processing facilities.
    • Information Systems Acquisition, Development, and Maintenance: Ensuring that security is integral to information systems.
    • Information Security Incident Management: Managing and reporting information security incidents.
    • Business Continuity Management: Protecting, maintaining, and recovering business-critical processes and systems.
    • Compliance: Ensuring compliance with legislative, regulatory, and contractual requirements.
  4. Consequences of Not Deploying ISO/IEC 27001:
    • Increased Risk of Data Breaches: Organizations may be more vulnerable to data breaches without a structured approach to security.
    • Legal and Compliance Issues: Non-compliance with various regulations that require proper data security measures.
    • Loss of Trust: Customers and partners may lose trust in an organization that doesn’t adhere to recognized security standards.
    • Competitive Disadvantage: Organizations might face a competitive disadvantage, especially if competitors are ISO/IEC 27001 certified.
    • Inefficient Security Practices: Organizations might adopt ad-hoc or inefficient security practices without a standard.

Implementing ISO/IEC 27001 is not mandatory, but it is highly recommended for organizations seeking to manage the security of their information assets. Non-deployment doesn’t lead to penalties but could expose the organization to more significant operational and security risks.

NIST SP 800-53: National Institute of Standards and Technology (at the U.S)

NIST SP 800-53 is a publication from the National Institute of Standards and Technology (NIST) that provides comprehensive security controls for federal information systems and organizations. Here’s a detailed overview:

  1. Applicability:
    • Primarily, NIST SP 800-53 is intended for U.S. federal information systems, except those related to national security.
    • It is also widely adopted by private sector organizations, state and local governments, and contractors who work with the federal government, especially those who handle federal information or operate information systems on behalf of the federal government.
  2. Purpose:
    • The main goal of NIST SP 800-53 is to help organizations manage and reduce the risk to organizational operations, assets, individuals, other organizations, and the Nation resulting from the operation and use of information systems.
    • It provides guidelines for selecting and specifying security controls for information systems to protect the confidentiality, integrity, and availability of information processed, stored, and transmitted.
  3. Main Requirements:
    • Security Controls: It outlines a catalog of security controls that can be applied to manage risk. These controls are organized into different families: access control, incident response, and risk assessment.
    • Baseline Controls: Recommendations for baseline controls for low, moderate, and high-impact information systems.
    • Supplemental Guidance: Each control is accompanied by guidance for its implementation and considerations for tailoring the control to the organization’s needs.
    • Assessment and Monitoring: Guidelines for assessing the effectiveness of security controls and continuously monitoring their performance.
  4. Consequences of Not Deploying NIST SP 800-53:
    • For federal agencies, non-compliance can fail to meet Federal Information Security Management Act (FISMA) requirements, which could lead to budgetary repercussions or other administrative actions.
    • For contractors and non-federal entities, non-compliance could result in losing federal contracts or failing audits.
    • Regardless of compliance requirements, not following NIST SP 800-53 could lead to weaker security postures, making information systems more vulnerable to threats and attacks.
    • It may also impact the organization’s reputation, especially in sectors where demonstrating robust information security practices is essential.

While NIST SP 800-53 is a requirement for federal information systems, its adoption in the private sector is voluntary. However, it’s considered a best practice for managing information security risks and is often used as a benchmark for robust security posture. Non-deployment in non-federal organizations doesn’t lead to regulatory penalties but could expose them to more significant cybersecurity risks and potential breaches.

SOC 2 (Service Organization Control)

SOC 2 Type 2 is a report based on the Auditing Standards Board of the American Institute of Certified Public Accountants’ (AICPA) existing Trust Services Criteria (TSC). It focuses on a business’s non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system. Here’s a detailed overview:

  1. Applicability:
    • SOC 2 Type 2 is applicable to service providers storing customer data in the cloud. This includes a wide range of Software as a Service (SaaS) companies, cloud computing providers, and businesses that use the cloud to store client information.
    • It’s particularly relevant for technology and cloud services firms where data security and privacy are paramount.
  2. Purpose:
    • The purpose of SOC 2 Type 2 is to provide assurance about the effectiveness of controls implemented by an organization to protect the security, availability, processing integrity, confidentiality, and privacy of customer data.
    • It involves a thorough examination of the effectiveness of these controls over a specified period.
  3. Main Requirements:
    • Security: Protecting information and systems from unauthorized access, information theft, and damage.
    • Availability: Ensuring systems and information are available for operation and use as committed or agreed.
    • Processing Integrity: System processing is complete, valid, accurate, timely, and authorized.
    • Confidentiality: Information designated as confidential is protected.
    • Privacy: Personal information is collected, used, retained, disclosed, and destroyed in conformity with privacy principles.
    • The report is prepared by external auditors who assess the degree to which a vendor complies with these principles over a period, usually a minimum of six months.
  4. Consequences of Not Deploying SOC 2 Type 2:
    • Loss of Client Trust: Clients may be less willing to entrust their data to a service provider that cannot prove compliance with SOC 2 Type 2.
    • Competitive Disadvantage: Organizations may face a disadvantage in the market, especially when competing with entities that have SOC 2 Type 2 certification.
    • Increased Risk of Data Breaches: Without the rigorous checks and balances that SOC 2 Type 2 encourages, an organization might be more vulnerable to data breaches and cyberattacks.
    • Regulatory and Legal Implications: For some businesses, particularly those in regulated industries or those handling sensitive data, non-adherence to SOC 2 Type 2 principles could have legal or regulatory repercussions.

While SOC 2 Type 2 is not legally mandatory, it’s a critical standard for service organizations that handle or store customer data. Non-adherence doesn’t result in legal penalties but can significantly impact the business’s reputation, trustworthiness, and competitive standing.

PCI DSS (Payment Card Industry Data Security Standard)

PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Here’s an overview:

  1. Applicability:
    • PCI DSS applies to any organization that accepts, transmits, or stores cardholder data regardless of the size or number of transactions. If any part of your company processes card payments (including debit and credit cards), then PCI DSS applies to you.
  2. Purpose:
    • The primary purpose of PCI DSS is to reduce the risk of debit and credit card data loss. It provides a baseline of technical and operational requirements designed to protect account data.
    • PCI DSS is intended to protect sensitive cardholder data during transmission, processing, and storage and to prevent fraud and data breaches.
  3. Main Requirements of the Latest Version: The latest version of PCI DSS includes the following main requirements, but you should check the most current version for any updates:
    • Build and Maintain a Secure Network and Systems: This includes installing and maintaining a firewall to protect cardholder data and not using vendor-supplied defaults for system passwords and other security parameters.
    • Protect Cardholder Data: Protect stored cardholder data and encrypt transmission of cardholder data across open, public networks.
    • Maintain a Vulnerability Management Program: This involves using and regularly updating anti-virus software and developing and maintaining secure systems and applications.
    • Implement Strong Access Control Measures: Restrict access to cardholder data by business need-to-know, assign a unique ID to each person with computer access, and restrict physical access to cardholder data.
    • Regularly Monitor and Test Networks: Track and monitor all access to network resources and cardholder data, and regularly test security systems and processes.
    • Maintain an Information Security Policy: Maintaining a policy that addresses information security for all personnel.
  4. Consequences of Not Deploying PCI DSS:
    • Financial Penalties: Non-compliance can result in significant fines from credit card companies and banks.
    • Legal Consequences: In the event of a data breach, if an organization is found non-compliant, it may face legal action, including lawsuits and settlements.
    • Increased Transaction Costs: Banks may charge higher transaction fees to merchants who are not compliant.
    • Loss of Trust: A breach or non-compliance can damage a company’s reputation, causing a loss of customer trust and business.
    • Revocation of Ability to Process Payments: In severe cases, a company could lose its ability to process credit card payments.

While PCI DSS is not a law, it is a standard enforced by major credit card companies. Non-compliance can seriously affect any business that processes card payments, including financial, legal, and reputational damages.

HIPAA (Health Insurance Probability and Accountability Act)

HIPAA (Health Insurance Portability and Accountability Act) from a Security Perspective:

  1. Applicability:
    • HIPAA applies primarily to ‘covered entities’ and ‘business associates’ in the United States. Covered entities include healthcare providers, health plans, healthcare clearinghouses, and any other organization that directly handles personal health information (PHI). Business associates are entities that handle PHI on behalf of covered entities, like billing companies or IT service providers in the healthcare sector.
  2. Purpose:
    • From a security perspective, the purpose of HIPAA is to ensure the protection and confidential handling of PHI. This involves safeguarding the information from unauthorized access, disclosure, alteration, and destruction.
  3. Main Requirements:
    • Risk Analysis and Management: Conduct an assessment of potential risks and vulnerabilities to the confidentiality, integrity, and availability of PHI and implement security measures sufficient to reduce risks.
    • Data Encryption and Protection: Protect PHI both in transit (as it’s being transmitted electronically) and at rest (when it’s stored).
    • Access Control: Implement technical policies and procedures that allow only authorized persons to access electronic PHI.
    • Audit Controls: Implement hardware, software, and procedural mechanisms that record and examine activity in information systems containing PHI.
    • Security Training and Awareness: Train all members of the workforce on HIPAA policies and procedures, particularly focusing on the handling of PHI.
    • Breach Notification Protocol: Establish and follow a protocol to notify patients, the Department of Health and Human Services, and in some cases, the media, of any breach of unsecured PHI.
  4. Consequences of Non-Compliance:
    • Financial Penalties: Non-compliance with HIPAA can result in significant financial penalties, which can vary based on the severity and duration of the violation.
    • Legal Consequences: Severe breaches or non-compliance can lead to civil or criminal charges, including lawsuits.
    • Reputational Damage: HIPAA violations can erode patient and public trust in a healthcare provider or associated business.
    • Corrective Action Plans: Entities found non-compliant may be required to adopt and implement a corrective action plan, often under the oversight of the Department of Health and Human Services.

Non-compliance with HIPAA can have serious implications for any organization handling PHI. It’s crucial for these entities to have robust security measures in place to protect sensitive health information and to adhere to HIPAA’s regulations to avoid these potential consequences.

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