Investment firms, banks, mortgage companies, and other financial institutions are one of the most highly regulated industries. Because financial institutions handle private consumer data, they have a multitude of regulatory and compliance requirements, including data security and privacy regulations such as the Gramm–Leach–Bliley Act (GLBA) and the New York Department of Financial Services (NYDFS) requirements.
It is vital for the Financial Service sector to be proactive in addressing cybersecurity and data privacy risks to protect your business, customers, and reputation especially when these laws and regulations are ever-evolving.
Clarus Tech Partners assists financial services organizations in meeting these compliance mandates. We provide a full-spectrum approach – from discovering your system and data vulnerabilities and risks, establishing a risk management strategy and incidence response plan, to meeting your global data privacy regulations. We understand the complex operational, compliance, and IT risks inherent to the Financial Services industry and help you solve your data security and privacy regulatory challenges.
Conducting business in the state of New York? New York Regulations
The Technology industry has seen tremendous growth and relies on the data of consumers to build and perfect their tools. Innovation depends on data security. It is critical that hi-tech, SaaS and Information Technology companies have best practices policies and procedures, cybersecurity programs, risk management and incidence response plans to protect against cyberattacks.
To comply with the myriad industry regulations to protect consumers, such as CCPA and GDPR, an effective and audit-ready cybersecurity and data privacy compliance program is essential to protect consumer's personally identifiable information (PII).
Clarus Tech Partners provides tools and customized consulting solutions to assist your company in navigating the many challenges of addressing data privacy, cybersecurity, risk management, and business continuity planning. We can help your company assess and develop your cyber program, identify improvement opportunities, and help you implement changes to your program. Additionally, we help Technology companies build their privacy programs that govern the collection, management, and storage of their data.
Our Penetration Testing services help you validate the security of your technology and ensure sensitive assets are protected.
Retail and ecommerce companies face a challenging set of data privacy and cybersecurity regulations. Reports on cybersecurity show that more than 50% of retailers have experienced a data security breach – and sometimes without these retailers knowing it.
As retailers look for ways to increase the use of online cloud systems, ecommerce, big data, and Internet of Things (IoT) to increase sales and provide better customer service, these technologies come with inherent security risks and a variety of ethical and data privacy concerns for consumer’s private data. Regulations, such as PCI DSS and CCPA, protect the security and rights of consumers and must be regularly monitored by companies.
Clarus Tech Partners helps the retail and ecommerce industry understand and tackle their cybersecurity risks that are characteristic in this business sector and address their required data privacy compliance regulations. We provide a full-spectrum approach – from discovering your POS and other system and data vulnerabilities and risks, determining which regulations need to be met, to meeting global data privacy regulations.
Learn more about PCI DSS Compliance
US, Europe, Globally
Many businesses have locations in multiple states and around the globe and consequently need to satisfy a multitude of state, federal, and international cybersecurity and data privacy laws. With so many different data security and privacy regulations, understanding these requirements and which ones your organization needs to comply with can be a daunting task.
U.S. State data privacy and breach laws – such as the Connecticut General Statutes § 36a-701b, Massachusetts 201 CMR 17.00, New York SHIELD Act, and California Consumer Privacy Act (CCPA) – are just some of the state regulations. International data security and privacy regulations include the European Union’s General Data Protection Regulation (GDPR), Canada’s Personal Information Protection & Electronic Documents Act (PIPEDA), and Brazil’s General Law for the Protection of Personal Data (LGPD).
Clarus Tech Partner specializes in helping companies navigate their complex global data security and privacy rights requirements. We develop solutions specific to your organization by assessing your requirements and vulnerabilities and establishing a data security and privacy compliance strategy in order to meet your local, state and international data security and privacy regulations.
Middle market companies, with annual sales between $10M - $1B, account for the middle third of the U.S. economy's revenue and data security and compliance requirements are as varied as are these companies. The 200,000+ U.S. based mid-market companies are essential to America's economic success. However, middle market companies have become ground zero for cybersecurity threats and non-compliance.
In studies by the U.S. Chamber of Commerce, middle market company executives were surveyed on cybersecurity related topics for the Middle Market Business Index (MMBI) Special Report on Cybersecurity. 93% percent of these executives stated they were “confident in their organization’s ability to safeguard customer data.” However, middle market companies underestimate cybersecurity risks. Last year, midsize companies accounted for one fifth of all cyber incidents. This means that attackers are not only targeting the enterprise level, but that the mid-size sector is at a particularly high risk due to unique challenges like older IT infrastructure, minimal to no security or compliance staff, and a lack of employee cyber awareness training.
Clarus Tech Partners helps arm Middle Market companies with the information they need to understand and tackle their cybersecurity risks and data privacy regulations to better manage their employees, processes, and technologies. We specialize in a full-spectrum approach – from discovering your system and data vulnerabilities and risks, establishing a risk management strategy and incidence response plan, to meeting global data privacy regulations.
Companies that work with the government or public sector agencies face a challenging environment of protecting their data and stringent regulatory compliance. Department of Defense (DoD) and most other government contractors and sub-contractors must meet Federal Acquisition Regulations (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) minimum cybersecurity standards or risk losing federal contracts.
The National Institute of Standards and Technology (NIST) cybersecurity framework consists of standards, guidelines, and best practices to manage cybersecurity risks. The NIST framework also includes a Risk Management Framework addressing privacy concerns to help organizations protect personally identifiable information (PII).
Clarus Tech Partners assists organizations working with federal, state, and local governments in navigating and meeting government compliance requirements.
NIST Compliance Framework
Plan of Action & Milestones (POAMs)
System Security Plans (SSP)
Policies & Procedures Documentation
Government Compliance Training
The manufacturing industry is one of the largest sectors in the U.S. economy. Consequently, it is one of the most targeted sectors for cybercrime. Manufacturers and distributors are part of a critical supply chain that keeps many other businesses running and must meet challenging compliance and regulatory requirements. Manufacturers own large volumes of customer information – especially with the increase of new technologies, such as the Internet of Things (IoT) – securing their systems and data is critical.
With a large number of employees, complex operations, multiple, and often international locations, it is critical that manufacturers have best practices, policies, and procedures, training programs, risk management plans in place. Additionally, manufacturers need to meet compliance across multiple regulations, such as CCPA, GDPR and DFARS/NIST government regulation.
Clarus Tech Partners will help your company strengthen your cyber defenses and mitigate the technological, operational, and financial risks that can lead to data loss, reputation damage, or regulatory penalties for manufacturers.
Real estate investors, asset managers, REITs, brokerages, and other real estate organizations process and hold significant amounts of confidential and personally identifiable information (PII) when conducting real estate transactions. With the growth of PropTech, where information is held in cloud-based software and the Internet of Things (IoT) such as keyless entries, the real estate sector has increasingly become a target for cyberattacks.
While there are no specific U.S. federal laws that direct how the real estate industry should implement their cybersecurity programs, there are other state and global data security and privacy regulations this sector needs to understand and comply with. Without regulations, many real estate organizations have outdated IT systems and software. Combined with a lack of proper cybersecurity and compliance knowledge, this industry is exposed to a multitude of data security and compliance vulnerabilities.
Clarus Tech Partners helps the real estate industry understand and tackle their cybersecurity risks and data privacy regulations. We specialize in a full-spectrum approach – from discovering your system and data vulnerabilities and risks, establishing a risk management strategy and incidence response plan, to meeting global data privacy regulations.
Hospitals, clinics, pharmaceuticals, medical device companies, and other health care and life science industries are under increasing pressure to better manage data privacy risks. These organizations are required to comply with multiple data security and privacy compliance regulations to protect sensitive patient health information. Technological advances – such as the shift to electronic health records, networked medical devices, and complex data transfers – are driving healthcare organizations to adapt quickly to keep their patients’ data protected. The Health Information Technology for Economic and Clinical Health (HITECH) Act expanded the scope of privacy and data security protections under HIPAA regulations by increasing the potential non-compliance legal liability and with more strict enforcement.
Clarus Tech Partners’ extensive knowledge of healthcare regulations can assist your organization in tackling these mandated regulations. As more information is stored across shared networks and systems, we understand the challenges that health care administrations face. Your cybersecurity program is vital in protecting and securing your patients' PHI and meeting rigorous compliance requirements.
Many Small Businesses think they cannot afford cybersecurity services or are too small to be noticed by cyber criminals. However, 28% of data breaches in 2020 involved small businesses according to the Verizon 2020 Data Breach Investigations Report. Small businesses are typically susceptible to data breaches because they frequently lack the technical resources or in-house security and compliance staff to prevent attacks on their networks and systems. Often IT support is outsourced. And while these companies provide the day-to-day operational support to keep your computers and other IT systems up and running, they do not provide cybersecurity expertise or data privacy compliance services.
Every business needs a cybersecurity and data privacy program, but SMB's do not need the same complexity as a Fortune 500 company. At Clarus Tech Partners, we understand that Small Businesses need effective, uncomplicated and affordable solutions to address their data security and privacy regulations. We provide “ à la carte” and customizable data security and compliance tools and solutions.
Your first step is to schedule your free consultation with us so we can better understand the specific needs of your SMB.