Compliance as a Service

In the past, there wasn’t a sense of urgency for companies to meet compliance standards, as the federal government did not monitor this closely nor were there any repercussions for non-compliance. Now with the rise in cybersecurity threats, like malware and ransomware, compliance checkups should be a necessity for all small and large companies. Conectrix partners with both Effortless Office and Rapid Scale, who are leading Managed Hybrid Service Providers, that offer CaaS (Compliance as a Service) to help customers remain and prove compliance in all areas needed.

What does it mean to be Compliant?

Being compliant refers to keeping up with regulatory rules, as well as providing critical evidentiary documents to survive an audit, investigation, or lawsuit. Although Cyber Security functions to protect your company’s data, it is not in and of itself compliant, since it does not provide documentation nor validation of secure and private data. It is crucial to continually be up to date on your compliance documentation because it is a regular recurring event that takes time, staff, and specialized training to stay on top of. Effortless is a certified compliance organization that will focus on reducing the burden from a company by meeting and exceeding compliance standards with state/ federal law.

What are the potential impacts of Non-Compliance?

A few reasons why companies may not follow compliance standards include a lack of care, lack of knowledge (as in they are unaware if they are following compliance guidelines), or being willing to take the risk. Just as there are negative drawbacks to being pulled over without car insurance, the same is true for being caught with non-compliance. Using a medical office as an example, not being compliant with HIPAA (Health Insurance Portability Accountability Act) results in a $429 fine for every patient record, having to notify all affected customers, and severe reputational loss, to name just a few. Industries that can be impacted the most from non-compliance are healthcare, retail, and financial service organizations.

How do I know if my company follows Compliance Standards?

It is often difficult to determine whether your company meets compliance protocols, especially considering this is more of a new risk factor and is still not very structured. An audit from the federal government may occur at a random point in time during the year. Some helpful questions that you might want to ask yourself include, “Who handles our compliance requirements? Are there any privacy or security requirements we are required to make? Are there any regularly scheduled audits we participate in?” Using these simple questions may be a good starting point for your company if you are uncertain. Having an assessment from a third party, like Effortless, will give your company a full visual of where you stand in terms of meeting compliance protocol. This is a small cost comparatively to the repercussions of non-compliance. Effortless Office, being a certified SSAE16-compliant organization, is founded on all the principles to remain and prove compliance. They take pride in working strategically with each client to develop a compliance plan.

Conectrix can connect your business with the top CaaS providers, such as Effortless Office and Rapid Scale. For further questions about the benefits of CaaS, do not hesitate to reach out to us and see if we can add greater visibility to your customer experience.