How to Vet IT Companies for Regulatory Compliance
Choosing an IT company these days isnt just about finding someone who can fix your printer or set up a network. Its about finding a partner who understands, and can actively support, your regulatory compliance obligations. Think of it this way: youre entrusting them with sensitive data, potentially impacting everything from customer privacy to financial security.
How to Vet IT Companies for Regulatory Compliance - check
How to Vet IT Companies for Regulatory Compliance - managed service new york
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First, understand your own obligations (this is key!). Before you even start looking at potential IT providers, you need a solid grasp of the regulations that apply to your business. Are you dealing with HIPAA for healthcare data?
How to Vet IT Companies for Regulatory Compliance - managed service new york
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How to Vet IT Companies for Regulatory Compliance - managed service new york
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Next, look for certifications and attestations (these are like gold stars). Certifications like ISO 27001 (information security management) or SOC 2 (security, availability, processing integrity, confidentiality, and privacy) demonstrate that the IT company has undergone independent audits and meets specific security and operational standards.
How to Vet IT Companies for Regulatory Compliance - managed service new york
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Dive deep into their security policies and procedures (read the fine print!). Ask for documentation detailing their security practices, data handling procedures, incident response plans, and disaster recovery strategies.
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How to Vet IT Companies for Regulatory Compliance - check
How to Vet IT Companies for Regulatory Compliance - check
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Assess their data residency and data sovereignty practices (where is your data REALLY going?).
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How to Vet IT Companies for Regulatory Compliance - check
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Investigate their vendor management practices (who are they trusting?). A good IT company will have a robust vendor management program to ensure that their own subcontractors and partners also meet the required security and compliance standards. Ask how they vet their own vendors and whether they have the right contractual agreements in place to protect your data. Remember, a chain is only as strong as its weakest link.
Finally, require contractual clauses related to compliance (get it in writing!).
How to Vet IT Companies for Regulatory Compliance - managed service new york
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Vetting IT companies for regulatory compliance takes time and effort, but its a crucial investment.
How to Vet IT Companies for Regulatory Compliance - managed service new york
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