ISO Standard Consulting

About ISO 27001 (ISMS)

If you're looking to enhance the security of your organization's information assets, then implementing an information security management system (ISMS) based on the ISO 27001:2022 standard is a great way to start. ISO 27001:2022 is an internationally recognized standard that outlines the best practices for managing and securing sensitive information.

At our ISO 27001:2022 standard consulting service, we offer comprehensive guidance and support for organizations that are seeking to achieve compliance with this standard. Our team of experienced consultants will work closely with you to understand your organization's unique security risks and develop a customized plan to address them.

Our services include risk assessments, policy development, support in security controls implementation, and ongoing monitoring and maintenance of your ISMS. With our help, you can ensure that your organization's information assets are protected from threats such as cyber attacks, data breaches, and other security risks.

By implementing ISO 27001:2022, your organization can also benefit from increased stakeholder confidence, improved regulatory compliance, and enhanced business continuity planning. Contact us today to learn more about how our ISO 27001:2022 standard consulting service can help your organization achieve its information security goals.

About ISO 27701 (PIMS)

ISO 27701 is an international standard that provides guidelines for privacy information management. At our ISO 27701 standard consulting service, we offer comprehensive guidance and support for organizations that want to achieve compliance with this standard. Our experienced consultants will work with you to develop a customized plan that meets your organization's specific needs and requirements.

Our services include privacy impact assessments, policy development, implementation of privacy controls, and ongoing monitoring and maintenance of your Privacy Information Management System (PIMS). By implementing ISO 27701, your organization can benefit from increased stakeholder confidence, improved regulatory compliance, and enhanced privacy protection for personal data.

We take a holistic approach to our consulting services, ensuring that your organization's privacy information management system is integrated with your overall information security management system.

Contact us today to learn more about how our ISO 27701 standard consulting service can help your organization protect personal data and achieve compliance with this important international standard.

About ISO 22301 (BCMS)

ISO 22301 is an international standard that provides guidelines for business continuity management. At our ISO 22301 standard consulting service, we offer comprehensive guidance and support for organizations that want to achieve compliance with this standard. Our experienced consultants will work with you to develop a customized plan that meets your organization's specific needs and requirements.

Our services include business impact assessments, development of business continuity plans, implementation of business continuity controls, and ongoing monitoring and maintenance of your Business Continuity Management System (BCMS). By implementing ISO 22301, your organization can benefit from increased resilience, reduced downtime, and improved stakeholder confidence.

We take a holistic approach to our consulting services, ensuring that your organization's business continuity management system is integrated with your overall risk management framework.

Contact us today to learn more about how our ISO 22301 standard consulting service can help your organization prepare for and respond to disruptions and achieve compliance with this important international standard.

About ISO 9001 (QMS)

In today's competitive business landscape, organizations strive to deliver high-quality products and services that meet or exceed customer expectations. That's where ISO 9001 comes in. ISO 9001 is an internationally recognized standard for quality management systems, providing a framework to enhance customer satisfaction, improve processes, and drive continuous improvement.

At Protaxology, we offer ISO 9001 standard consulting services to help organizations navigate the path to excellence. Our team of experienced professionals understands the intricacies of ISO 9001 and can guide you through the entire certification process, from initial assessment to successful implementation.

Our Approach towards ISO 27001 (ISMS)/ 27701 (PIMS)/22301 (BCMS)/ 9001 (QMS)Consulting

• 1. Defining Scope – Considering the requirement of stakeholder and size of the company the scope will be defined.
• 2.Gap Analysis – Gap Analysis between existing practices vis a vis the requirements of the standard
• 3. Risk Assessment –Defining Risk Assessment Methodology and performing the risk assessment to identify business risk and technology risk
• 4. Developing Framework –Documentation in line with the standard
• 5. Implementation Support –Support during control implementation and providing user training
• 6. Readiness Audit – Compliance to defined controls and risk mitigation
• 7. Certification Support –Liaising to certifying body and support during certification audit
• 8. Certification Maintenance –Pre assessment audits to check compliance measures on yearly basis.

SOC 1 & SOC 2 Consulting




About SOC

SOC reports are a set of standards developed by the American Institute of Certified Public Accountants (AICPA) to assess the controls in place at service organizations. These controls can include security, availability, processing integrity, confidentiality, and privacy.

SOC 1 Report:

SOC 1 reports are focused on controls that are relevant to financial reporting, as they are designed to ensure that the service organizations systems and controls provide accurate and reliable financial reporting. SOC 1 reports can be relevant to any organization that provides services to other companies that rely on the accuracy of their financial statements. An example of a company that may require a SOC 1 report would be a (payroll processing company, investment management company, healthcare billing claims processing IT outsourcing companies) as they handle financial information that is critical to their clients.

SOC 2 Report:

SOC 2 reports are focused on controls related to security, availability, processing integrity, confidentiality, and privacy. SOC 2 reports can be relevant to any organization that provides services to other companies that rely on the security and confidentiality of their data. An example of a company that may require a SOC 2 report would be a (cloud service providers, data center, SaaS providers, payment processes) as they provide critical services related to data storage and management.
Organizations that provide services that affect the financial statements of their clients may require a SOC 1 report, while organizations that provide services related to data security and privacy may require a SOC 2 report. In some cases, organizations may require both SOC 1 and SOC 2 reports.

Benefits

The benefits of having a SOC 1 or SOC 2 report include increased stakeholder confidence, reduced risks, and enhanced reputation. By achieving SOC compliance, your organization can demonstrate to stakeholders that you have effective controls in place to protect their data and operations.

Our end-to-end consulting support for SOC compliance includes a comprehensive assessment of your organization's controls, development of policies and procedures, implementation of controls, and ongoing monitoring and maintenance of your SOC compliance. Our team of experienced consultants has a deep understanding of the SOC standards and can provide practical advice and guidance to help your organization achieve compliance.

Contact us today to learn more about how our end-to-end consulting support for SOC compliance can help your organization achieve its goals.

What are the SOC Service Trust Principles?

The service trust principals are the 5 key areas then can be assessed during a SOC 2 audit. They are groups of controls that ensure the system is meeting each of the outlines service principles.

• 1. Security:The system is protected against unauthorized access (both physical and logical).
• 2. Availability:The system is available for operational use as committed or agreed.
• 3. Processing integrity:System processing is complete, accurate, timely and authorized.
• 4. Confidentiality:Information designated as confidential is protected as committed or agreed.
• 5. Privacy:Personal information is collected, used, retained, disclosed and destroyed in conformity with the commitments in the service organization’s privacy notice, and with criteria set forth in generally accepted privacy principles issued by the AICPA.

Approach towards SOC Consulting

• 1. Gap Analysis -Gap Analysis with the existing practice vis a vis requirement from the SSAE 18 standard
• 2. Preparation of Controls –Design of controls as per the companies practices and requirements from the standard.
• 3. Preparation of Document –Creating policies, procedures and other documentation.
• 4. Implementation Support-Standby support for implementing controls
• 5. Audits & Attestation Support -Liaising with the CPA and support during CPA audit

Data Privacy Consulting

Overview -Most organizations are subject to multiple privacy laws on global, federal, state, and industry-specific levels. These laws define Personally Identifiable Information (PII), consumer rights, and the actions business must take in collecting& notification, response to consumer requests, use of PII in marketing, or the sales of consumer data. Organizations must maintain a defensible privacy practice to avoid violations where auditors, courts, regulators, and class action attorneys may be concerned. Privacy readiness involves reviewing your legal exposure, vendor contracts, privacy policy, responsiveness to consumer requests, and employee training. Defensible privacy includes maintaining and monitoring policies, contracts, procedures, clear outward-facing documentation, and managing privacy audits.

Our Approach towards Data Privacy Compliance

• 1. Gap Analysis -Assess your organization vis-à-vis the Data Privacy Law requirements to identify areas that need to be addressed.
• 2. Privacy Impact Assessment -Conduct a comprehensive Privacy Impact Assessment to identify weak areas and loopholes that could impact the data privacy. Strategize appropriate Risk Treatment measures.
• 3. Documentation -We will help you build and rollout effective policies and procedures for your organization, pertaining to Data Privacy Compliance.
• 4. Readiness Audit –Conducting a re-assessment of your setup and ensure all measures are implemented.
• 5. Certification -Once all controls are confirmed to be in place, we will be issuing a legally admissible "Data Privacy Compliance" Certificate for your organization.
• 6. Continual Support -If required we can extend our continual support by offering you Managed Compliance Services to help your organization stay compliant.

HIPAA Compliance Consulting and Audit

The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for sensitive patient data protection. Companies that deal with protected health information (PHI) must have physical, network, and process security measures in place and follow them to ensure HIPAA Compliance. Covered entities (anyone providing treatment, payment, and operations in healthcare) and business associates (anyone who has access to patient information and provides support in treatment, payment, or operations) must meet HIPAA Compliance. Other entities, such as subcontractors and any other related business associates must also be in compliance.

Our Approach to HIPAA Compliance

• 1. Gap Analysis -Assess your organization vis-à-vis the HIPAA standard requirements to identify areas that need to be addressed.
• 2. Risk Assessment & Treatment -Conduct a comprehensive Risk Assessment to identify weak areas and loopholes that could impact the business-critical assets of your organization. Strategize appropriate Risk Treatment measures.
• 3. Documentation -We will help you build and rollout effective policies and procedures for your organization, pertaining to HIPAA Compliance.
• 4. HIPAA Compliance Audit –Conducting a Pre-assessment of your setup and ensure all measures are implemented.
• 5. Certification -Once all controls are confirmed to be in place, we will be issuing a legally admissible "HIPAA Compliance" Certificate for your organization.
• 6. Continual Support -If required we can extend our continual support by offering you Managed Compliance Services to help your organization stay compliant.

Who should comply with HIPAA

• 1. Healthcare providers:Every healthcare provider, regardless of the size of the practice, who processes or transmits PHI in connection with certain transactions including claims, benefit eligibility inquiries, referral authorization requests, and other transactions fall under the HIPAA Transactions Rule.
• 2. Health plan groups & insurers:Entities that provide or pay for medical care also fall under HIPAA Compliance. This may typically include Health, Dental, Vision, and Prescription Drug Insurers, Health Maintenance Organizations, and Medicare supplement Insurer to name a few. Health plans also include employer-sponsored groups, government-sponsored groups, church-sponsored health plans groups, and multi-employer health plan groups.
• 3. Healthcare clearing houses:Entities who process healthcare information fall under HIPAA Compliance. Healthcare Clearinghouses offering processing services to a Health Plan Group or a Healthcare provider are expected to comply with HIPAA.
• 4. Business associates:A person or organization using or disclosing individually identifiable health information to perform or provide functions, activities, or services for a covered entity are also expected to comply with HIPAA. The activities or services may typically include claims processing, data analysis, utilization review, and billing.

Business Impact Analysis

Information Technology (IT) Business Impact Analysis (BIA) is a service that helps organizations identify and prioritize critical IT systems and applications and the potential impact of disruptions to those systems. IT BIA is a critical component of an overall business continuity and disaster recovery program.

• The approach for IT BIA typically involves the following steps:
• 1. Identify critical IT systems and applications:This involves working with key stakeholders across the organization to identify the critical IT systems and applications that support the organization's business functions.
• 2. Determine the impact of disruptions:Once the critical IT systems and applications have been identified, the next step is to assess the potential impact of disruptions to those components. This involves analyzing various scenarios, such as a system outage, natural disaster, or cyber attack, to determine the potential impact on the organization's operations, financials, and reputation.
• 3. Prioritize critical IT components:After determining the potential impact of disruptions, the next step is to prioritize the critical IT components based on their importance to the organization's operations and the potential impact of disruptions to those components.
• 4. Develop recovery strategies:Once the critical IT components have been prioritized, the next step is to develop recovery strategies to minimize the impact of disruptions. This may involve developing contingency plans, backup systems, and alternate work processes to ensure that critical IT systems and applications can be maintained in the event of a disruption.
• 5. Test and update the IT BIA:Finally, it is important to regularly test and update the IT BIA to ensure that it remains relevant and effective. This may involve conducting regular tabletop exercises, scenario planning, and reviewing the IT BIA to ensure that it aligns with changes in the organization's IT environment.
  
  At Protaxology Advisors, we follow a comprehensive methodology for performing IT BIA. Our methodology involves a thorough analysis of the organization's IT environment, including systems, applications, and data. We work closely with key stakeholders across the organization to identify critical IT components and assess the potential impact of disruptions to those components. We then develop recovery strategies tailored to the organization's specific needs and conduct regular testing and updates to ensure that the IT BIA remains effective over time.
  
  Overall, IT BIA is a critical service for organizations looking to identify and mitigate potential IT disruptions. By following a comprehensive approach and methodology, organizations can better understand the potential impact of IT disruptions and develop effective recovery strategies to minimize the impact on their operations, financials, and reputation.