When it comes to data security and regulatory compliance, both domestically and internationally, companies must appropriately structure and properly equip their internal environments. In the pursuit of new clients, this quality has become a critical component in the selection process. Businesses want proof that their information is or will be safeguarded, and this is evidenced by the internal controls—or regulatory framework(s)—a potential partner has in place to protect confidential data and information. Depending on the service or product a company provides, there are four regulatory compliance frameworks to consider:
- International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 27001
- National Institute of Standards and Technology (NIST) SP (Special Publication) 800-171
- NIST SP 800-53
- System and Organization Controls (SOC)
When implemented, these frameworks mitigate data security risks and demonstrate to current and prospective clients that the security of their information and data are a top priority.
Read the full article now to learn about these four security frameworks, the benefits your organization can realize after implementation, and which frameworks are best suited for which companies based on their objectives.