How to Get Your Business Ready for Compliance

June 14, 2024by TNTMAX

Compliance is something all businesses will eventually need to deal with. Even if you’re not currently required to follow specific regulations, it’s smart to start preparing now. Sooner or later, you’ll likely need to comply, especially if your clients require it as part of their security risk assessments.

“You may not yet be under compliance requirements, but they are coming sooner than you think. It’s important to get yourself ready and prepare,” said TNTMAX President and CIO Frederic Farcy. “You may do business with a client that is under one or more compliance regulations. As a result, they may ask you to be fully or partially compliant as part of their third-party vendor security risk assessment.”

And simply signing a compliance document isn’t enough. You need to put the right procedures in place, enforce them, and review them regularly. This is crucial for audits and for your cyber insurance, which will want proof that you’re following the rules.

Steps to Prepare for Compliance

  • Know What You Need to Comply With: Figure out which regulations apply to your business. These could include AML, BSA, CRS, SOX, HIPAA, SEC, FINRA, PCI/DSS, Environmental Health and Safety (EH&S), WISP, GDPR, GLBA, HITECH, and PII.
  • Set Up Policies and Procedures: Develop strong information security policies and procedures. This also means having Disaster Recovery and Testing protocols, Risk Management practices, and Business Continuity plans in place.
  • Get Expert Help: Compliance can be tricky. Experts can help you set up and implement these procedures correctly, making sure you’re fully compliant.
  • Enforce and Review Regularly: Compliance isn’t a one-time task. You need to enforce your policies continuously and review them every year to stay up to date.
  • Prepare for Audits: Your compliance measures will be reviewed during audits. They are also essential for your cyber insurance, which will check if you’re actually following the procedures.

How a Managed IT Service Provider Can Help

A Managed IT Service Provider (MSP) with experience in compliance can make this process much easier. TNTMAX can help you with everything from basic information security policies to detailed risk management and business continuity planning.

Why You Should Start Now

  • Better Security: Compliance ensures your business’s data and operations are secure.
  • Client Trust: Being compliant builds trust with clients and partners, which can lead to more business opportunities.
  • Lower Risk: Proper compliance reduces the risk of legal issues and business interruptions.
  • Efficiency: Streamlined procedures and risk management improve overall business efficiency.

Getting ready for compliance is essential for protecting your business and ensuring its future success. At TNTMAX, we’re here to help you navigate these challenges and make sure you’re fully compliant. Contact us today to learn how we can assist you with your compliance needs.