360 Advanced: Data Security Audit Integration Saves Time, Money; All-in-One Compliance Process Can Reduce “Audit Fatigue”
January 25, 2016 prod360
ATLANTA, Jan. 25, 2016 (GLOBE NEWSWIRE) — 360 Advanced, a nationwide data security auditing and assurance firm providing integrated compliance solutions for business-to-business service providers, is advising consumer data management companies they can save time, money and staff hours by bundling their data security compliance audits into a single project with a single provider.
The integrated approach to completion of several examinations by the same auditor can result in significant savings because many controls identified can satisfy multiple reporting criteria.
“Bundling compliance audit projects is cost-effective for numerous reasons,” said Eric Ratcliffe, Director at 360 Advanced, which has clients in Atlanta and across the U.S. “On the flip side, having several auditing firms examining your SOC 1, SOC 2, HIPAA or PCI controls can result in communication breakdowns in which important components of your processes can be missed. It is a challenge for multiple auditors to share information thoroughly.”
With audits often requiring 10-12 weeks each, multiple consecutive projects might take six months to a year of staff time and focus. And, the travel expenses for multiple audit teams can be significant.
“The beauty of compliance integration is you have one planning phase, one execution phase and one delivery phase, and you reduce the chances of audit fatigue,” observes Ratcliffe. “There’s an internal resources savings and overall audit time savings.”
A single auditor looking at all aspects of a consumer data manager’s processes and controls results in more efficient examinations. “They get to know you inside and out because all services are coordinated by a single trusted advisor,” said Ratcliffe.
ABOUT 360 ADVANCED INC.
Known for its responsiveness, collaboration, experience and professionalism, 360 Advanced has clients in more than 35 states that are major service providers in various industries, including cloud and SaaS based organizations. 360 Advanced is one of only a few specialized firms in the U.S. that assist service providers as their independent assessor in developing, maintaining and communicating security and compliance to their clients.
360 Advanced’s services are provided, but not limited to, the following industries: Title Services, Hosted and Managed IT, Data Center and Colocation, Software as a Service (SaaS), Healthcare, Financial Services, Insurance, HR | Payroll | PEO, Legal and Collections, Bulk Mail Printing and Distribution, Business Process Outsourcing and Marketing.
Services provided by 360 Advanced include SOC 1 (SSAE 16), SOC 2, SOC 3, PCI DSS, HIPAA Security/HITECH, Microsoft Vendor Policy and other security and compliance services.