The Regulatory Burden

The risk landscape is rapidly evolving for organizations in the IT/Technology industries. As the rate of technological innovation increases, so too does emerging cyber risk and pressure from regulatory bodies to combat it.

Additionally, their clients’ regulatory obligations will naturally extend to tech service providers who are expected to adhere to third-party risk measures.

This increases the need to plan, implement and monitor compliance and risk. But with the complexities around frameworks and compliance requirements, some help from a GRC management platform—one that incorporates automation—can be the most cost-effective and efficient solution.

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A Framework for Information Security Success

Several frameworks can potentially impact technology companies, each with its own requirements. For example, a technology provider might be expected to:

  • Obtain a SOC 2 certification
  • Undergo an audit to ensure NIST CSF, 800-53, 800-171, or ISO 27001 security protocols are enforced
  • Implement COSO internal controls for financial reporting if the tech firm works with financial service providers
  • Adhere to HIPAA data privacy regulations if their tech is used to house personal healthcare information (PHI)
  • Provide GDPR privacy notices and rights to users if they’re located in the EU
  • Achieve CMMC certification if they work with the Department of Defense (DoD)

To meet their regulatory compliance requirements, tech businesses must develop a robust risk management strategy and embed cybersecurity awareness throughout the organization.

Manage Compliance and Risk with Confidence and Ease

The Reciprocity® ZenGRC® platform equips your security and compliance teams with a single, integrated experience that reveals information security risks across your business and provides actionable guidance on mitigating risk.

By leveraging automation, you can easily integrate your existing toolset and reduce or eliminate manual activities, empowering you to accomplish your risk and compliance goals faster and with greater accuracy.

Now, with so much of your compliance workflows done for you, your team is free to spend more time growing your technology business.

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Compliance Objectives

Your technology company’s compliance objectives will vary depending on the scope of your business and clientele. However, tech firms will be expected to have robust cybersecurity, risk management, and a compliance program in place in all circumstances.

With ZenGRC, you’ll be empowered to:

  • Implement strong access controls and limit access to sensitive data and systems
  • Enforce strict password policies and multi-factor authentication for users
  • Perform a risk assessment to determine the quantity and severity of risks
  • Create a risk reduction strategy to address vulnerabilities and potential threats
  • Plan for business continuity and disaster recovery- including redundancies and backups
  • Adopt continuous monitoring to detect and respond to potential threats
  • Encrypt sensitive data and protect systems with firewalls and strict security policies

Datto Builds Compliance Department Around ZenGRC

Like many Reciprocity customers seeking out a GRC platform, Datto used spreadsheets to manage multiple compliance initiatives.

The internal team wanted a solution to build a compliance monitoring and management program from the ground up, supporting SOC 2 audits and NIST, CMMC, and SOX frameworks.

Learn how this IT Services company quickly scaled their compliance and risk management system, expediting gap assessments for SOC 2 and reducing audit costs by 35%.

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Choose the product that suits you

Reciprocity ZenComply

Accelerate your compliance programs and see how they impact your risk posture.

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Reciprocity ZenRisk

Gain contextual insight on your risk posture to mitigate business exposure.

Frequently Asked Questions

SOC 2 is a framework that applies to most service providers (often SaaS providers) and their ability to securely manage sensitive data and safeguard the interest of their clients. When SOC2 is required, it results in an independent service auditor’s report and certification of compliance.

NIST, however, is a voluntary framework that can define and improve the security protocols necessary to secure a service provider’s IT systems and enhance information security.

Both standards focus on analyzing an organization’s internal security controls.

To protect your IT systems and data from unauthorized access or theft, you must first understand what gaps, if any, exist in your security protocols as well as the unique risks facing your organization.

Then, once your risks are identified and assessed, you can leverage insights for better decision-making for risk reduction strategies, including which controls to implement or improve data privacy.

But that’s just a start. From there, your compliance or cybersecurity program will need to be maintained, monitored, and reviewed routinely to ensure that internal controls are still adequate to reduce risk and achieve compliance.

A governance, risk and compliance management solution like ZenGRC can provide several options to help you identify, meet, and maintain your risk posture, including vulnerability importance and status.

ZenGRC ensures you always know where you stand and what action needs to be taken to address vulnerabilities and improve your risk, compliance, and security posture.

Although NIST compliance is voluntary, there are several benefits to incorporating the NIST cybersecurity framework into your business, including:

  • Creating standardized business processes for mitigating cybersecurity gaps across the organization
  • Developing a set of best practices for a variety of information security concerns
  • Decreasing the risk and severity of a data breach
  • Greater cost-efficiency in the long term for cybersecurity and incident response
  • Control mapping for several different related compliance frameworks

Additionally, with ZenGRC, you can increase the velocity of your NIST CF implementation. With our built-in compliance templates and automation functionality, you can get organized, move quickly and offload much of your manual compliance tasks.

To achieve CMMC compliance certification, you must prove that you’ve implemented NIST 800-171 and 20 CMMC control requirements within your organization.

To verify this, you will need to submit your organization for third-party verification by a C3PAO assessor who will attest to your maturity level and grant the certification.

Furthermore, CMMC rules and roll-out are in flux and frequently change. Our tool, ZenGRC, coupled with our GRC experts, business partners, and qualified assessors, can help you get started quickly with CMMC and stay up to date as changes emerge.