Cybersecurity is a complex and on-going challenge for companies of all sizes. The increasing frequency, sophistication, and ever-changing nature of cyber intrusions and data breaches cause major business disruptions, public release of confidential information, reputation damage, and other negative financial and operational impacts. Creating an effective cybersecurity program is essential in addressing cyber threats for SMBs and large enterprises alike.
The Clarus Tech Partners’ consulting team works with your organization to define, design and implement customized strategies to protect your data assets. We provide strategic and operational consulting services and use a full-spectrum approach - thorough data and system assessments, analysis of your risk vulnerabilities, then develop a roadmap to provide a complete picture of your cybersecurity posture and a clear vision of how to implement your cybersecurity solutions.
Cybersecurity regulations and data privacy laws require documentation of policies and procedures as evidence of compliance, to capture policy attestations, and create an audit trail. Clear policies and documentation demonstrate to clients and regulators the importance your company places on the protection of PII and other data and information. In the event of a data breach or compliance audits, clear policies will be reviewed and will be a part of the mitigation and defense against any fines and/or legal action.
Clarus Tech Partners has the expertise and uses best practices guidelines to write, update and/or do a third-party audit review of your company’s strategic, operational, and regulatory policies and procedures documents applicable for your industry’s needs, including:
NIST/DFARS/CMMC Compliance Documentation
SOC2/ISO/GDPR Readiness & Other Regulatory Documentation
Cybersecurity & Security System Plans
Incidence Response & Management Plans
Information Security Policies
Data Privacy & Protection Policies
Cybersecurity Risk Assessments
Risk Management Plans
Vendor & Supply Chain Risk Management
Security Risk Assessments
Disaster Recovery & Business Continuity Plans
Cybersecurity Awareness Training for Employees and Customers
The three key functions of GRC are – Governance, Risk and Compliance:
· Governance is the overall system of policies, practices, and standards that guide the business.
· Risk Management is the process of identifying potential security, data and third party risks of the business and acting to reduce or eliminate the likelihood and their financial impacts.
· Corporate Compliance is the set of processes, procedures and training that a company has in place in order to demonstrate that the company and its employees are conducting business in a legal and ethical manner.
The Clarus Tech Partners’ team will help your organization assess and design a GRC program specific to the needs of your business. The overall purpose of GRC is to reduce risks and costs. Our cost-effective approach to GRC is designed to help your organization more efficiently develop and manage your company-wide GRC program so you can proactively identify and reduce risks while meeting compliance requirements so you can focus on the progress of your key business objectives.
Vendor Risk Management
Organizations need to know their information is safe with their third parties – including vendors, suppliers, partners, contractors and service providers – and demonstrate their data is secure to key stakeholders – your clients and customers. If you provide customer data to an unsecured vendor, you could still be liable for breached or compromised data. Clients need to have the confidence that their vendors and other third parties are handling their data and information in a manner that is compliant and secure.
Effectively Manage Third-Party Related Risks
Clarus Tech Partners will help your organization understand and address your third party risks. We will analyze and design your organization’s Third Party Risk Management (TPRM) and Vendor Risk Management (VRM) programs.
Mergers & Acquisitions Advisory
According to Gartner, “more than 80% of legal and compliance leaders tell us that third party risks were identified after initial onboarding and due diligence, suggesting traditional due diligence methods in risk management policy fail to capture new and evolving risks.” An M&A starts with due diligence and continues through transition to integration. Each of these phases poses a different cybersecurity challenge in terms of strategic, technology, and transitional and operational risks. Some of the key challenges include the lack of cybersecurity and regulatory compliance artefacts, documentation and evidence and acquiring organizations rely on the limited information available of the target company’s cyber and compliance landscape to make their decision.
At Clarus Tech Partners our consultants have the extensive knowledge to help you achieve your company’s specific M&A project objectives. We have successfully partnered with M&A teams to provide the cybersecurity and data regulatory compliance that should be an integral part of your M&A due diligence. During the due diligence period, we’ll conduct a deep dive assessment, vulnerability risk assessment, and systems and applications penetration testing to understand the target company’s areas of risks.
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Data Security & Privacy Regulations
It’s challenging for companies to understand and comply with ever-evolving privacy regulations, such as the many U.S. state-by-state data breach and consumer protection regulations like California CCPA/CPRA and New York SHIELD and international regulations GDPR.
The Clarus Tech Partners’ team helps companies navigate these complex domestic and global data security and privacy requirements. We take a holistic approach specific for your organization – assess your requirements and regulatory obligations and risk exposure then establish a compliance strategy to meeting your state, federal and international data security laws and regulations.
Security & Compliance Testing
Many state, federal and international regulators require organizations to comply with a patchwork of laws and other restrictions when collecting, storing, using, and disclosing Personally Identifiable Information (PII) and other types of sensitive information. As part of the compliance requirements, quarterly and/or annual regulatory assessments and testing is required.
In addition, your business partners, clients, or customers may require that your company complete compliance assessments before they do business with your organization to ensure compliance regulations are followed and so their own data assets are protected.
Clarus Tech Partners provides Vulnerability Assessments, PCI DSS Compliance Scans, and Penetration Testing to help protect your company's valuable data assets. Our comprehensive and attested assessments and tests include detailed reports with an executive summary, severity levels, compliance status, and remediation recommendations and roadmap.
Many customers and clients are now requiring organizations to provide a SOC 2 attested audit report, particularly if confidential or private data is being entrusted to organizations. As an integral component in regulatory oversight, vendor management programs, internal governance and risk management, and compliance audits, a SOC 2 audit report provides detailed information and assurance about an organization’s services and systems. If your organization provides cloud services – such as a SaaS or PaaS – a SOC 2 audit report will help establish trust with customers and stakeholders and is often a prerequisite for service organizations to partner with or provide services to tier-one organizations in the supply chain. Preparing for and maintaining SOC 2 (Type I or Type II) is based on compliance and audited by the AICPA’s (American Institute of Certified Public Accountants) and TSC (Trust Services Criteria).
Clarus Tech Partners will help your organization prepare for a SOC 2 audit.
1. Readiness Assessment
We assess your state of SOC 2 preparedness by evaluating the type of services you offer, the trust services categories and the security controls – your organization’s security, availability, processing integrity, confidentiality and privacy controls – that are applicable and relevant to the delivery of your services. Additionally, we will analyze your processes, policies and procedures and organizational structure and work with your auditor in reviewing the controls.
Based on the findings of the assessment, we can help you remediate by assisting with the audit scoping, compiling the system or service descriptions and controls selection, defining control effectiveness measurements and metrics, developing best practices processes, policies and procedures, and integrating your SOC 2 requirements into your other compliance requirements such as ISO 27001.
Business continuity planning focuses on preparing your company for the unexpected, such as security breaches, natural disasters, pandemics, service outages, and other potential threats. A Business Continuity Plan (BCP) outlines the procedures and instructions an organization will follow in case of such disasters and it covers the business processes, assets, human resources, and all your business functions. Having a company-wide Business Continuity Plan in case of an emergency is essential. And even for small businesses, you need to have an effective BCP to restore critical business functions and avoid business disruption.
Clarus Tech Partners can help develop and implement your company’s business continuity plan which includes a comprehensive look at the continuity of the entire organization. We can also assist your company with organizational strategy, disaster recovery plans, risk and change management, and cybersecurity and data privacy training to support your business needs.
Executive & Board Advisory
Addressing cyber security and data compliance risks should be one of the top priorities for all business leaders today.
If you lose your business data or are heavily fined for non-compliance, how will your business and key stakeholders be affected?
Although many board directors and the C-Suite are increasingly becoming more educated about cybersecurity and data privacy compliance, it is often picked up from reading the Wall Street Journal or talking with their peers, and is relegated to the IT department – who are not cybersecurity or regulatory compliance experts.
Often the corporate board has a fiduciary and/or statutory duty to identify and manage legal, regulatory and contractual obligations and enterprise risks. So executives and boards need to understand the threat landscape and know how to mitigate the security threats that organizations are challenged with.
Increase Board Efficiency & Streamline Your Business Operations
At Clarus Tech Partners, we provide executives and boards a practical and understandable overview of the key security and compliance risk management issues and concepts, impacts and metrics, and will make the shift from cybersecurity as a technology problem to a global business driver for the executive and board level. We can provide a presentation at a board or executive meeting or provide on-going support – tailored to your organization’s needs. We understand that business leaders need timely and accurate information to make informed decisions and will work with the executives and boards to prioritize and measure their security and compliance initiatives so they can determine where further attention or investment is needed.