How Managed Services Providers Help You Achieve Regulatory Compliance

How Managed Services Providers Help You Achieve Regulatory Compliance

With major data breaches becoming a regular subject of the headlines, governments are demanding stricter compliance measures be taken to safeguard personal data.

For example, the HIPAA legislation lays down strict provisions for the protection of patient health information, while DFARS applies to any company that works on a government contract.

Contrary to popular belief, compliance doesn’t just concern the healthcare and government contracting sectors. Most businesses, regardless of the industry they operate in, do handle confidential client data, making it essential to follow a constantly changing set of rules, regulations and guidelines. Simply not knowing what your legal obligations are is not an excuse, and regulatory compliance is critical for avoiding major fines.

Data Security in 2017 and Beyond

As the cyberthreat landscape evolves with the adoption of new technology, so does the need for the law to step in and set up standards for safeguarding data.

There’s no doubt that regulatory compliance can sometimes seem like a minefield of confusion, and that’s why many companies find it difficult to keep up and implement new regulations. Even the US government admits that the DFARS framework is especially difficult to navigate for “small and innovative businesses.

A common problem is that many businesses simply don’t have the in-house expertise and resources to keep up to date with the newest requirements. In fact, the sheer scope of the process can greatly increase operational costs, and this is especially the case if you’re constantly chasing new regulations rather than having a long-term compliance management solution in place.

The Case for Outsourcing Compliance Responsibilities

Unfortunately, red tape and bureaucracy are always going to be inevitable in the world of business, but that doesn’t mean your team need to get bogged down in jobs they’re inadequately equipped to handle.

Your staff should instead be working on the things that keep your business moving forward, and that’s why there’s a case for outsourcing your compliance responsibilities to a managed services provider.

Given the great importance of compliance, it’s essential that you have access to the necessary tools and expertise. However, hiring the in-house personnel to take care of your compliance measures is expensive and impractical for smaller businesses. That’s why outsourcing allows you to access the skills you need on an on-demand basis, instead of hiring someone on a part-time or full-time contract.

Few small- or medium-sized businesses can afford to take advantage of the latest cybersecurity and compliance measures, as well as the staff needed to take care of them. However, a managed services provider works around the clock to safeguard your systems and ensure that your cybersecurity strategy is aligned with your compliance obligations.

For example, an MSP will provide constant monitoring of all ingoing and outgoing traffic to your network while using cutting-edge technology to enforce security and compliance measures. MSPs also offer many other important solutions, such as business continuity planning by way of cloud-based backup.

Government-mandated regulations are expected only to get more stringent, and you certainly don’t want to get caught with a violation. By partnering with F1 Solutions, you can take advantage of a robust and fully managed security program that meets all compliance measures, such as those laid out by HIPAA, PCI-DSS, ITAR and DFARS. Call us today to make your compliance woes a thing of the past.

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