As the May 25, 2018 deadline to comply with the European Union’s General Data Protection Regulation (GDPR) looms, HOSTING, has demonstrated its leadership in compliance by successfully completing five, rigorous, third-party compliance examinations.
The assessments validate HOSTING’s ability to meet demanding compliance standards across a range of industry sectors. These include System and Organization Controls (SOC) 2 and SOC 3, HITRUST for healthcare and Payment Card Industry (PCI) standard of compliance and penetration testing.
HOSTING’s performance in these assessments should serve as peace of mind for customers that rely on HOSTING to keep them compliant as threats against data privacy increase and regulatory environments grow more complex.
Says Chris Riley, Chief Information Security Officer at HOSTING, “It is essential that HOSTING exceed the data security standards required by our clients, regulatory bodies and the industry itself. Acting as an extension of our clients’ business, it is absolutely imperative that we do what it takes to achieve and maintain unconditional, impenetrable data security.”
The accomplishment further cements HOSTING’s positioning and understanding around various industry specific compliance regulations, ensuring HOSTING’s customers continually exceed the compliance requirements that are essential to their business.
GDPR Deadline Raises Security and Compliance Challenges
Conclusions from the 2018 Thales Data Threat Report make it clear: GDPR has the potential to substantially impact organizations of all stripes, and business leaders are growing more concerned about the implications of not being ready by May.
Nevertheless, the complexities of meeting GDPR mandates are far from the only regulatory challenges that keep compliance officers up at night. Keeping pace with the ever-changing requirements of regulations like HIPAA, FISMA and the Payment Card Industry Data Security Standard (PCI DSS) is a constant battle — and often a losing one.
According to the Verizon 2017 Payment Security Report, nearly half (44.6 percent) of companies failed to protect payment card data, on a consistent basis. Even more astounding, a full 100 percent of breached PCI-certified companies failed a PCI audit.
The reasons for these shortcomings vary and range from lack of awareness or interest to the general strain of managing compliance across a broad range of standards, laws and regulations. The looming arrival of GDPR only increases the challenge for organizations.
Compliance-as-a-Service Gaining Traction
In response to the challenges raised by GDPR and other regulations, a growing number of business leaders are turning to Compliance-as-a-Service (CaaS). In doing so, these companies take the guesswork out of compliance complexities and put it in the hands of a trusted provider with proven mastery of regulatory frameworks.
By successfully completing the third-party security examinations and assessments, HOSTING has validated its leadership in the emerging CaaS market. Learn how HOSTING can not only guide your journey to compliance but make it easier and more cost-effective to sustain. Contact us to learn more.