The cost of complying with federal regulations continues to rise, particularly for highly-regulated industries and SMBs, who find themselves battling stringent standards with limited resources.
In addition to the high costs, according to Forbes, 14% of small business owners spend more than 20 hours per week complying with federal regulations – time that could be better spent running and growing a business.
SMB owners and IT leaders needed a solution designed to alleviate the burden and maximize defensibility to applicable compliance standards – no matter what they are.
Now, that solution exists.
Virtual Compliance Officer Solution
TPx’s Virtual Compliance Officer (VCO) Solution leverages IT, cybersecurity, and compliance expertise with customized tools to evaluate your organization’s evolving regulatory needs, weighing them against industry standards and best practices to maximize compliance.
VCO allows organizations to access IT, compliance, and cybersecurity experts without the need for adding to their internal headcount – or spending countless hours and endless resources trying to comply with evolving regulations. An added bonus? SMBs get access to the latest in regulatory and security technology, enabling quick adaptation to changing regulatory requirements.
Customers will also be assigned a TPx compliance expert to support their needs on an ongoing basis, including reviewing the potential impact of any regulatory changes, assessing your organization’s ability to defend itself with cybersecurity insurance, and evaluating your current security posture against applicable frameworks.
What to Expect
The VCO service begins with a Cybersecurity Gap Assessment against your applicable information security frameworks, and includes:
- Security Strategy – A review of your company’s security procedures, policies, and standards.
- Operational Security – An assessment of all technical security measures implemented in the environment.
Upon completion, TPx delivers an Executive Summary and a Best Practices report to aid companies in prioritizing their next cybersecurity and compliance steps.
As a follow-up to the gap assessment, a cybersecurity compliance review will be performed once per quarter. This review considers any updated regulations and applies them to your security posture.
Lastly, you’ll benefit from continuous monitoring with access to detailed analytics (all in one dashboard!) for proactive decision-making.
Why You Need It
The VCO solution was designed with SMBs in mind and enables them to maximize defensibility against applicable information security standards. Amongst others, benefits include:
- Save time and expense: Outsourcing compliance management will free up precious resources – not just money, but time.
- Customized, scalable solutions: What works for you today may not work tomorrow. VCO and TPx can scale with you to match growth and future needs.
- Data-driven insights: Leverage intuitive analytics to make informed decisions.
Leave the tedious, expensive compliance management to us, and get back to running and growing your business. TPx has experience with companies of all sizes and industries and is HIPAA, PCI-DSS, and SOC-2 compliant. Get in touch to get started.