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Digital Edge's Compliance team has noticed that organizations and IT/compliance groups lack understanding of mandates for scheduled reviews and audits.

Each cybersecurity standard or framework has its own unique requirements. This article provides information on minimal required reviews and audits by HITRUST standard.

FundCount has partnered with Digital Edge in the AWS realm to provide a wide range of DevOps and SysOps services to FundCount SaaS clients. Digital Edge successfully collaborated with FundCount to architect, deploy, and support the award-winning Accounting, Analysis, and Reporting software hosted on AWS.

If your company is based in the EU, then the question of whether the GDPR applies to you is easy; it does.

But that is not all. 

Digital Edge just guided a NASDAQ listed technology firm to SOC 2 Type 1 compliance. This client told us in late November 2021 that it was crucial that they get their SOC 2 certification letter by the end of January 2022. This did not leave us with much time to get their house in order, but they had important customers requiring SOC 2 compliance in order to continue doing business with our client.

Why HITRUST?  

HITRUST develops risk and compliance management frameworks, assessment, and assurance methodologies, maintains them, and provides access to them, being in collaboration with the leaders of information security and risk management, both from the public and private sectors. HITRUST aims to fill the gaps still not addressed by some regulations.

HITRUST Common Security Framework addresses security, privacy, and regulatory challenges organizations face. HITRUST includes and cross-references numerous globally recognized standards, follows a risk-based approach, and creates the options for a well-orchestrated unified method of managing data protection compliance. This makes HITRUST highly beneficial for those organizations seeking to safeguard the data, but this also makes HITRUST not easily implementable for those businesses that still require staff training and bringing all the processes to higher standards to implement HITRUST. Digital Edge is the right partner in achieving this goal.

Why OSPAR? 

Financial institutions rely heavily on outsourced service providers (OSPs) to assist with key business objectives.  

As financial institutions are ultimately responsible for the service provided to their customers, OSPs must comply with the standards and controls accepted within the financial industry.  

The Association of Banks in Singapore has established the Guidelines on Control Objectives and Procedures for all OSPs desiring to work with the numerous financial institutions in Singapore. To demonstrate your organization’s ability to meet these guidelines, an Outsourced Service Provider Audit Report (OSPAR) attestation is mandatory. Without an OSPAR attestation, your organization will not be able to provide services to the rapidly growing number of financial institutions in Singapore.  

Digital Edge will ensure that your organization will receive an OSPAR attestation as proof that it has implemented adequate cybersecurity safeguards to maintain the governance and consistency required. With OSPAR, your company will be ready to conduct business, and guarantee the security of your client’s critical information.

We are a leading IT company and AWS Partner which is headquartered in New York, yet staffed globally. Indeed, even prior to the disruption brought on by the Covid pandemic, we had a decentralized organization where the talent we sourced was more important to us than where our talent was sourced. With this as a guiding principle, we as many other IT firms tended to have substantial staff located in Ukraine.

It all worked great for many years as a win-win-win for our Ukrainian staff, which was happy to be employed by a US firm (and to be paid in US dollars); for our clients which were happy with a work product that exceeded expectations; and for Digital Edge, which was happy to have happy clients (and to be paying competitive, albeit steadily, rising compensation in US dollars).

The big IT problem facing many companies today is the recent explosive growth in privacy and cybersecurity laws they must comply with.

Cybernews met with Michael Petrov to talk about the importance and benefits of properly implemented cybersecurity management systems.

Digital Edge is proud to announce that one of our strategic cybersecurity advisors, Aleksandr Kondratiuk, has successfully received the ISO-27001 Lead Auditor certification! The certification exhibits our team's ongoing commitment to assist our clients better and grow our professional skills.