Kovair’s compliance services involve the following stages:
- Planning – To begin, a detailed project plan, charter, and reporting processes will be developed with defined roles and responsibilities for the implementation. This will be supported by developing a comprehensive understanding of your organization, business, and existing IT security operations.
- Gap assessment– Gap assessment is a fact-finding process that compares an organization’s security posture to industry standards and various frameworks, providing information and suggestions for necessary controls to remedy gaps.
- Design and Document – An appropriate information security governance program will be developed, considering the many layers of stakeholders involved in your organization’s security. Policies, procedures, and internal reviews required to maintain a compliance-ready security posture will also be developed, for your organization. To ensure that all policies are followed and implemented within the organization, and to encourage the reporting and attestation process, evaluations will be conducted to classify threats into various risk levels.
- Internal Audit – Before submitting your organization for audit, independent consultants will perform a comprehensive pre-certification audit to ensure no surprises during official certification.
- Attestation/Certification – Lastly, assistance will be provided in completing the attestation/certification, which requires a detailed understanding of documentation needs and validation of implementation.
Types of Compliance Service:
- SOC – Service Organization Control
The SOC – Service Organization Control reports are intended to assist service organizations that provide services to other entities in establishing trust and confidence in the services provided and the controls associated with them. These reports are presented by an independent CPA.Types of SOC
- SOC 1
- Report on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting
- There are two types of reports for these engagements:
- Type 2 – report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period.
- Type 1 – report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design of the controls to achieve the related control objectives included in the description as of a specified date
- SOC 2
- Report on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy
- The purpose of these reports is to cater to the needs of various users seeking detailed information and assurance regarding the controls at a service organization. The information relates to the security, availability, processing integrity, confidentiality, and privacy of the data processed by these systems. These reports are crucial for several functions, including the oversight of the organization, vendor management programs, internal corporate governance and risk management processes, and regulatory oversight.
- Similar to SOC 1 reports, there are two types of reports available for SOC for Service Organizations:
- Type 1 report that describes the management of a service organization’s system and the suitability of the design of controls.
- Type 2 report that describes the management of a service organization’s system and the suitability of the design and operating effectiveness of controls. Access to these reports is restricted.
- SOC 3
- The SOC 3 reports are intended to provide assurance to users who require information about the controls at a service organization related to security, availability, processing integrity, confidentiality, or privacy. These reports are not as detailed as SOC 2 reports and are designed for users who may not have the knowledge or need for the more detailed SOC 2 report. SOC 3 reports are general-use reports, which means they can be distributed freely.
- Controlled and consistent processes are being developed to enhance security measures.
- A proactive approach to avoiding costly security breaches is the SOC 2 audit.
- It provides assurance of the security of your system and networks.
- The SOC 2 report offers valuable insights into your organization’s risk and security posture, internal control governance, and more.
- SOC 1
The International Organization for Standards issues the ISO/IEC 27001 certification to organizations as a standard compliance certification. In addition to serving as a certification, it also provides a comprehensive set of guidelines for an organization’s ISMS (Information Security Management System).
- Safeguarding the interests of vendors and customers.
- Reducing the likelihood of fraud, data loss, and disclosure.
- Ensuring excellent risk management and a robust compliance framework.
- Enabling an independent evaluation of data security practices.
- Providing universally recognized standards.
- Responding to evolving security threats.
The Health Information Trust Alliance established the HITRUST CSF in 2007 as a Common Security Framework. Its goal is to establish an advanced and comprehensive information risk management framework for healthcare organizations while also complying with HIPAA regulations. The protocols outline how organizations should access, store, manage, exchange, and analyze critical healthcare data across landscapes while maintaining security and addressing data threats.
- Risk and vulnerability management
- Compliance diligence and efficiency
- Comprehensive cybersecurity protections
- Scalability, flexibility, and accessibility
- Optimized implementation and certification