proactive it support

Businesses today are changing how they handle technology. Instead of waiting for problems to happen, they’re getting ahead of them. This shift from waiting-and-fixing IT to proactive planning is a big deal. It’s not just about solving problems; it’s about stopping them before they start, preventing a slew of operational costs, reputation damage, and more.

In this blog, we’ll see how this forward-thinking strategy is transforming IT into a key part of business success. Let’s dive into how being proactive makes IT a tool for efficiency and smart planning, something every modern business needs.


The Shift to Proactive IT Support

As we look deeper into the evolution of IT support, it’s crucial to understand what exactly we mean by a shift to a “proactive model.” This approach is not just a buzzword; it’s a comprehensive strategy that’s reshaping how businesses manage and maintain their IT environments.

Defining Proactive IT Support:

Preventative Measures: Unlike the reactive model, proactive IT support focuses on preventing problems before they occur. This involves regular system checks, routine maintenance, and continuous monitoring.

Predictive Analysis: Utilizing advanced analytics and machine learning, proactive support can predict potential system failures or security breaches, allowing for timely interventions.

Key Elements of Proactive IT Support:

  • 24/7 Monitoring: Continuous surveillance of IT systems to identify and address issues immediately, often before the user is even aware.
  • Regular Updates and Maintenance: Scheduled and systematic updates of software and hardware to ensure optimal performance and security.
  • Strategic IT Planning: Aligning IT infrastructure with business goals, anticipating future needs, and preparing accordingly.
    Benefits of Proactive Support:
  • Minimized Downtime: By addressing issues before they escalate, businesses experience significantly less downtime.
  • Cost Efficiency: Proactive support can be more cost-effective in the long run by avoiding the high costs associated with major IT failures.
  • Enhanced Performance and Security: Regular updates and maintenance lead to improved system performance and enhanced security posture.
  • Peace of Mind: Knowing that IT systems are continuously monitored and maintained allows business leaders to focus on core business activities.

Implementing a Proactive Approach:

  • Assessment and Planning: It starts with a thorough assessment of the current IT infrastructure and developing a strategic plan tailored to specific business needs.
  • Partnering with the Right Provider: Choosing an IT support partner who understands the value of proactive support and has the expertise to implement it effectively.
  • Employee Training and Awareness: Ensuring staff are trained and aware of best practices in IT management and security.

The shift to proactive IT support is more than just a change in services; it represents a fundamental change in mindset. It’s about being one step ahead, ensuring that IT infrastructure is not just a support system, but a driving force for business growth and stability.

Proactive IT Support in Action – A Financial Services Firm Example

Consider this hypothetical, “FinTrust Capital,” a mid-sized financial services firm, navigating the challenges of data security and system reliability in a highly regulated industry. Here’s a concise look at how proactive IT support can significantly benefit a firm like this:

Early Detection and Prevention of Data Breaches:

  • Proactive monitoring detects unusual network traffic, signaling a potential security threat.
  • Immediate action is taken to patch a network vulnerability, averting a data breach.
  • Outcome: FinTrust Capital avoids financial loss, legal issues, and reputational damage.

Predictive Maintenance for High-Volume Trading Days:

  • Predictive analytics foresee potential system overload due to an upcoming high-volume trading day.
  • The IT infrastructure is proactively scaled up to handle the increased load.
  • Outcome: Smooth, uninterrupted trading operations, ensuring client satisfaction and trust.

Staying Ahead of Compliance:

  • Proactive updates are made to meet new regulatory requirements for data protection.
  • Outcome: FinTrust Capital not only complies with regulations on time but also reinforces its market reputation for security and reliability.

Enhanced Security Through Staff Training:

  • Regular cybersecurity training sessions are conducted for employees.
  • Outcome: Reduced risk of security breaches due to human error.

In this streamlined scenario, FinTrust Capital leverages proactive IT support to enhance security, ensure compliance, and maintain operational efficiency, demonstrating the tangible benefits of a forward-thinking IT approach in the financial sector.

The Role of Managed IT Services in This Evolution

The case of FinTrust Capital illustrates the significant advantages of proactive IT support. For many businesses, particularly those lacking extensive in-house IT capabilities, the question arises: How can they attain such proactive IT management? Enter Managed IT Services – the key to unlocking this proactive approach!

Managed IT Services as a Catalyst for Change:

Outsourced Expertise: Many businesses, particularly small to mid-sized ones, may not have the resources for a full-scale, in-house IT department. Managed IT Services provide access to top-tier IT expertise, filling this gap.

Scalability and Flexibility: These services offer scalability to match the growing needs of a business, adapting to changes quickly and efficiently.

Comprehensive Approach:

All-in-One Solution: Managed IT Services typically offer a comprehensive suite of services, from 24/7 monitoring to regular maintenance, cybersecurity, and compliance management.
Customization: Each business has unique needs, and Managed IT Services can tailor their offerings to meet these specific requirements.

Proactive Strategy Implementation:

Continuous Monitoring and Maintenance: Managed IT Services implement continuous monitoring and regular maintenance, ensuring systems are always up-to-date and running smoothly.
Predictive Analytics: Utilizing advanced analytics, these services can predict and prevent potential issues before they become problematic.

Enhanced Security and Compliance:

Up-to-Date Security Measures: With the ever-evolving nature of cyber threats, Managed IT Services ensure that a business’s security measures are always current.
Regulatory Compliance: They stay abreast of the latest regulatory requirements, ensuring that businesses comply with necessary standards.

Cost-Effectiveness:

Predictable Spending: Managed IT Services often operate on a subscription model, allowing businesses to predict and control their IT spending.

Reduced Downtime Costs: By preventing major IT issues, these services save businesses from the hefty costs associated with downtime.

Managed IT Services are not just a support function; they can be a strategic partner in a business’s growth and evolution. By providing expertise, scalability, and a proactive approach, they enable businesses to not only keep up with the technological curve but to stay ahead of it.

Key Takeaways
Embracing proactive IT support is a game-changer for businesses aiming for growth and efficiency in the digital age. At Coretelligent, we specialize in transforming IT challenges into opportunities with our forward-thinking, end-to-end solutions.

Ready to elevate your IT strategy and stay ahead of the curve? Discover how Coretelligent can lead your business towards a more secure, efficient, and proactive IT future.

Explore Coretelligent’s Proactive IT Support Solutions

soc 2 compliance

In an era where data security is paramount, the choice of a Managed Service Provider (MSP) hinges on their ability to safeguard sensitive information for their clients. This is where SOC 2 compliance, established by the American Institute of Certified Public Accountants (AICPA), becomes critical.

It’s not just a standard; it’s a necessity for MSPs to build trust and demonstrate a commitment to a strong data security posture. In this article, we explore the significance of SOC 2 compliance for MSPs and why it should be a key factor in your decision when choosing a provider.


Understanding SOC 2 and Its Relevance

SOC 2, developed by the American Institute of Certified Public Accountants (AICPA), is a framework for managing data security, specifically aimed at service organizations like MSPs. It focuses on five critical principles: Security, Privacy, Confidentiality, Processing Integrity, and Availability. These principles ensure that an MSP not only protects data from unauthorized access but also manages it responsibly throughout its lifecycle.

The relevance of SOC 2 in the MSP landscape is profound. It serves as a comprehensive measure of how well an MSP secures and handles client data, going beyond basic security protocols. This compliance is crucial in today’s data-driven world where businesses are increasingly vulnerable to cyber threats. By adhering to SOC 2 standards, MSPs demonstrate their commitment to data protection, a vital component in establishing trust with clients. For this reason, more and more businesses are asking that their MSP receive a SOC 2 attestation before engaging with their services – a smart move!

Why SOC 2 Compliance Matters for MSPs

SOC 2 compliance is pivotal for MSPs as it signifies a dynamic approach to data security and management. When MSPs undergo a SOC 2 audit, they validate their systems against stringent security standards, showcasing a deep investment in protecting their client’s data. This not only enhances their reputation but also fosters trust among current and potential clients who are increasingly vigilant about their data security.

In this way, SOC 2 compliance offers a competitive edge in building trust. In a market where clients are more informed and concerned about cybersecurity, being SOC 2 compliant distinguishes an MSP from its competitors, potentially attracting clients who prioritize security. Successfully passing this audit can also open doors to new market segments and clients who specifically seek out SOC 2-compliant providers.

soc 2 compliant

The Business Impact of SOC 2 Compliance

The business impact of SOC 2 compliance for MSPs extends far beyond just meeting a set of standards. It fundamentally enhances the way an MSP is perceived in the market. By achieving SOC 2 compliance, an MSP not only secures its systems but also solidifies its reputation as a trustworthy and secure service provider. This heightened trust can lead to increased client retention, a critical factor in the MSP business model.

Additionally, in the event of a data breach, non-compliant MSPs face significant reputational damage, potential loss of clients, and legal ramifications. Conversely, SOC 2 compliance can serve as a safeguard against these risks, ensuring business continuity and stability. It positions the MSP as a leader in security, potentially attracting more discerning clients who value stringent data protection measures.

SOC 2 compliance is not just about meeting a benchmark; it’s about building a resilient, trustworthy business that can thrive in a landscape where data security is a top priority for clients.

Key Benefits

  • Enhanced Data Security: Ensures that MSPs have dynamic systems to protect sensitive data.
  • Increased Client Confidence: Demonstrates a commitment to data protection, building trust with clients.
  • Market Differentiation: Differentiates the MSP from competitors who may not have SOC 2 compliance.
  • Risk Management: Reduces the risk of data breaches and the associated costs.
  • Regulatory Compliance: Helps in meeting other regulatory requirements, providing a comprehensive compliance strategy.
  • Long-term Business Growth: Attracts clients who value security, contributing to sustainable business growth.

soc 2

Achieving and Leveraging SOC 2 Compliance

A SOC 2 audit is designed to assess the risks associated with third-party interactions. It does this by examining the internal controls, policies, and procedures of an organization, ensuring they align with the Trust Services Criteria set by the AICPA. Essentially, a SOC 2 audit report zeroes in on how a service organization manages its internal controls in five key areas: security, availability, processing integrity, confidentiality, and privacy of its system.

Achieving SOC 2 compliance involves a rigorous audit conducted by a certified public accountant (CPA). MSPs can opt for either a Type 1 or Type 2 audit, with Type 1 evaluating the organization’s compliance at a specific point in time and Type 2 assessing compliance over a longer period. This process not only tests the MSP’s security controls but also demonstrates their commitment to maintaining high standards of data security.

Once compliant, MSPs can leverage this status as a powerful marketing tool, showcasing their commitment to security and differentiating themselves from competitors. SOC 2 compliance becomes a badge of trust and reliability, opening up new market opportunities and attracting clients who prioritize data security. This strategic use of SOC 2 compliance in branding and marketing can significantly enhance an MSP’s market position.

Takeaways

SOC 2 compliance is not just a regulatory framework but a cornerstone of trust in the MSP industry. It underscores an MSP’s dedication to security, boosts their reputation, and provides a competitive edge. For businesses seeking an MSP, choosing one with SOC 2 compliance ensures a partnership grounded in stringent data protection and reliability.

If you’re looking for an MSP that embodies these values, consider Coretelligent’s CoreComply service. CoreComply exemplifies the commitment to security and compliance that is essential in today’s digital landscape. Reach out to Coretelligent today to learn how CoreComply can elevate your organization’s data security and compliance.

As we look back on 2023, the surge in cyber attacks has emerged as a formidable challenge, particularly for small and medium-sized businesses (SMBs). With limited resources and often less sophisticated security measures, SMBs have become attractive targets for cybercriminals. Recent statistics reveal a concerning trend: as of 2021, a staggering 61% of SMBs have been the target of a cyberattack, and alarmingly, 46% of all cyber breaches have impacted businesses with fewer than 1,000 employees. This underscores a critical need for SMBs to recognize and respond to the heightened risks they face. 

On average, these incidents cost SMBs an alarming $25,000, a significant financial strain that can jeopardize their survival. The rise in cybercrime is not just a statistic; it’s a call for SMBs to fortify their digital defenses.


Understanding the Current Cybersecurity Landscape 

Common Types of Cyber Attacks: Among the myriad of cyber threats, certain types are more prevalent in targeting SMBs. Malware, especially, stands out, with 18% of attacks on small businesses being malware-related. This category includes ransomware, a particularly destructive type of malware that has seen a 93% year-over-year increase in attacks. These attacks not only disrupt operations but also come with hefty recovery costs and ransom demands. 

The Financial Burden: The financial implications of these attacks are substantial. The average cost of a data breach for SMBs has escalated to $4.35 million, the highest on record, and the recovery from a ransomware attack can cost nearly $2 million. For SMBs, these figures represent not just a financial setback but a potential threat to their very existence. 

The Prolonged Response Time: Another critical aspect of the current landscape is the time it takes to identify and contain a breach. On average, it took about 277 days, approximately nine months, to identify and contain a breach in 2022. This prolonged response time can exacerbate the damage caused by a breach, both financially and in terms of customer trust. 

The Role of Human Error: It’s important to note that human error plays a significant role in the vulnerability of SMBs to cyber attacks. A significant portion of breaches, 43%, involve insider threats, either intentional or unintentional. Additionally, the fact that 94% of malware is delivered via email highlights the need for continuous employee education and vigilant email security practices . 

The Impact of Remote Work: The shift to remote work has introduced additional complexities. Remote work not only increases the attack surface for cybercriminals but also leads to higher costs per breach. Distractions at home contribute to employees falling prey to phishing scams, and breaches in remote work settings take longer to contain. 

The cybersecurity landscape for SMBs is characterized by a high frequency of targeted attacks, significant financial implications, and extended breach identification times. These challenges are compounded by factors such as human error and the increasing prevalence of remote work. Understanding these dynamics is the first step for SMBs in developing a strong cybersecurity strategy that can withstand the rising tide of cyber threats.

The Impact of Cyber Attacks on SMBs 

Cyber attacks on small and medium-sized businesses (SMBs) have wide-ranging and serious consequences, extending beyond immediate financial losses: 

  • Financial Strain: The average cost of a data breach for SMBs is around $4.35 million, and recovering from a ransomware attack can cost nearly $2 million. These costs can significantly strain an SMB’s finances, sometimes leading to bankruptcy. 
  • Operational Disruptions: Cyber attacks can cause extended operational downtimes due to the average breach detection and containment time of 277 days. This downtime disrupts business continuity, affects productivity, and can result in the loss of clients. 
  • Reputational Damage: A security breach can severely damage an SMB’s reputation, leading to a loss of customer trust and potentially long-term business relationships. 
  • Legal and Regulatory Consequences: Breaches can lead to legal and regulatory issues, especially if sensitive customer data is compromised, attracting fines and legal actions. 
  • Psychological Impact: The stress and anxiety associated with a cyber attack affect both business owners and employees, impacting morale and job security. 
  • Strategic Setbacks: Resources diverted to manage and recover from an attack can delay or cancel business growth or innovation initiatives. 
  • Increased Cybersecurity Costs: Post-attack, businesses often face increased spending on cybersecurity measures, adding to financial burdens. 

The multifaceted impact of cyber attacks underscores the necessity for SMBs to prioritize robust cybersecurity measures to safeguard their operations, finances, and reputation. 

Key Vulnerabilities in SMBs 

Small and medium-sized businesses (SMBs) face several cybersecurity vulnerabilities: 

  • Limited Resources: Often lack sufficient financial and human resources for comprehensive cybersecurity. 
  • Employee Training Gaps: Insufficient cybersecurity training for employees, leading to vulnerabilities, especially with email-based malware threats . 
  • Outdated Technology: Use of outdated hardware and software, increasing susceptibility to breaches. 
  • Inadequate Access Control: Often lack effective access management, heightening the risk of insider threats . 
  • No Incident Response Plan: Many SMBs lack a defined plan for responding to security incidents, leading to exacerbated damages. 
  • Underestimation of Threats: A tendency to underestimate the cyber threat landscape, resulting in a reactive approach. 
  • Remote Work Challenges: Increased remote work expands the attack surface and complicates breach containment. 

Addressing these vulnerabilities is essential for SMBs to strengthen their cybersecurity defenses against evolving threats. 

Strategies for Enhanced Cybersecurity 

  1. Regular Updates and Patch Management: Ensure devices are configured for automatic updates and regularly check for installed updates. 
  2. Strong Password Policies: Implement policies for complex, unique passwords, and encourage using password managers. 
  3. Access Control & Multi-Factor Authentication: Employ strong access control and multi-factor authentication to prevent unauthorized access. 
  4. Data Backup and Recovery: Maintain reliable data backups and test backup procedures regularly, especially against ransomware threats. 
  5. Firewall and Endpoint Detection: Implement firewall security and endpoint detection systems to block suspicious traffic and identify unusual activities. 
  6. Data Encryption: Encrypt sensitive data both at rest and in transit. 
  7. Regular Security Audits: Conduct audits to evaluate cybersecurity controls and address vulnerabilities. 
  8. Incident Response Plan: Develop and regularly rehearse a detailed incident response plan. 
  9. Employee Education and Awareness: Train employees on cybersecurity best practices, including recognizing phishing attempts. 

Professional Cybersecurity Solutions 

Consider solutions like CoreArmor and CoreComply, which provide advanced threat detection, managed security services, and strategic planning tailored to SMB needs. CoreArmor, for example, bundles essential cybersecurity services into a comprehensive package, covering real-time monitoring, incident response, penetration testing, vulnerability scanning, and user awareness training. While CoreComply, strengthens compliance operations, aligning them with business processes and helping to identify and close gaps in current practices. 

Implementing these strategies and leveraging professional solutions like CoreArmor and CoreComply can significantly enhance an SMB’s cybersecurity posture, protecting against a broad spectrum of cyber threats and vulnerabilities. 

What You Can Do

In the face of evolving cyber threats, small and medium-sized businesses must prioritize robust cybersecurity. Coretelligent offers tailored solutions like CoreArmor and CoreComply, blending advanced threat detection, strategic planning, and compliance management. Protect your business with our comprehensive cybersecurity services. 

If you’re interested in learning what you can do to fortify your business’s defenses, watch our recent webinar, where we bring together a panel of experts, including an FBI special agent that that works on cybercrime cases, a cyber insurance specialist, and our very own team as they dive into trends, tips, and valuable insights you can use to understand the various threats at play.  

 

compliance for financial advisors

The landscape of financial compliance is ever-changing, with 2023 presenting a fresh set of challenges for financial advisors. As regulations evolve and technology advances, staying on top of compliance requirements is more critical than ever.


Cybersecurity: A Non-Negotiable Priority

In the digital age, cybersecurity is a cornerstone of the financial advisory sector. The year 2022 underscored the growing sophistication and variety of cyber threats, from high-profile ransomware attacks to stealthy phishing campaigns. Financial advisors, as custodians of sensitive financial data, face the daunting task of safeguarding against these risks while complying with an array of regulatory standards.

Here’s a deep dive into the current cyber threat landscape and the critical defensive strategies that can help protect your practice:

  • Ransomware: The Persistent Threat
    Ransomware continues to dominate the threat landscape due to its lucrative returns for cybercriminals and minimal risk. The trend of increasing ransomware attacks, which saw a significant rise in attack volume, demands that financial advisors maintain robust data backup systems and have a keen eye for suspicious activities that precede such attacks.
  • The Rise of SIEM Systems
    To combat the ever-present threat of ransomware, implementing a Security Information and Event Management (SIEM) system has become more prevalent. SIEM systems provide real-time visibility across an organization’s information networks, offering a sophisticated approach to threat detection and management. For many, SIEM-as-a-Service (SIEMaaS) has emerged as a cost-effective solution, outsourcing the complexities of cybersecurity monitoring to dedicated experts.
  • Navigating the Hybrid Work Model
    The shift towards remote and hybrid work models has expanded the attack surface for financial institutions. Effective endpoint detection and response (EDR) systems are crucial for monitoring the multitude of devices accessing network resources. EDR solutions stand as a bulwark against malware, isolating and neutralizing threats before they proliferate, especially critical for defending against zero-day exploits where no patch is available yet.
  • Cloud Vulnerabilities and Configurations
    As more infrastructure moves to the cloud, advisors must be vigilant about secure configurations to prevent breaches. Despite cloud platforms offering robust security features, misconfigurations remain a common entry point for attackers. Financial institutions are advised to promptly implement security patches and conduct due diligence when selecting cloud service providers.
  • Strategic Partnerships with MSSPs
    Collaborating with Managed Security Service Providers (MSSPs) who specialize in the financial sector can provide a layer of security and compliance expertise. These partnerships can strengthen IT systems’ integrity and assist in risk mitigation during and post-cloud migration processes.

By embracing these cybersecurity strategies and adopting tools and partnerships that enhance security posture, financial advisors can better protect their client data and adhere to compliance demands. It’s crucial to stay informed about emerging cybersecurity trends and implement lessons learned from past cyber events to reinforce your institution’s defenses.

The Electronic Communications Puzzle

A recent survey highlighted electronic communications surveillance as another hot button, climbing to the third position among compliance concerns. In light of new platforms like Meta’s Threads, advisors must balance the benefits and compliance obligations these channels present. With most firms restricting business communication to email and phone, advisors must navigate these waters carefully, ensuring new communication methods are monitored and managed to meet compliance standards.

Key survey takeaways include:

  • New Platforms, New Challenges: Firms need to strategize the use of new platforms and tools, like Meta’s Threads or ChatGPT, balancing opportunity with compliance cost.
  • Restrictive Communication Policies: 42% of firms limit business communication strictly to company email and company phones as a catch-all precaution, limiting operations.
  • Social Media for Business: Very few firms allow the use of other social media platforms like Facebook or LinkedIn for business purposes, indicating a cautious approach to new communication mediums.
  • Policy Enforcement: A majority of firms may likely prohibit the use of Threads or ChatGPT for business to maintain compliance.

A Comprehensive Approach to Compliance for Financial Advisors

In the swiftly changing world of financial services, compliance is as much about strategic foresight as it is about reacting to immediate challenges. Coretelligent stands at the forefront, offering a robust compliance platform coupled with expert advisory services tailored to the financial services sector.

CoreComply is designed as a force multiplier, streamlining the extensive compliance process and integrating technology with expertise to proactively manage and mitigate risks.

With CoreComply, financial advisors can expect:

  • A Unified Compliance Platform: CoreComply simplifies the discovery and validation of compliance gaps, integrating tools like Hyperproof and RiskRecon to provide a comprehensive overview of your compliance status.
  • Expert Advisory Services: Beyond technology, CoreComply extends the expertise of seasoned compliance professionals to navigate the regulatory landscape effectively.
  • Technical Remediation Support: CoreComply doesn’t just identify problems; it also assists with the technical remediation required, engaging directly with the necessary measures to correct issues.
  • Cost and Time Efficiency: By optimizing the compliance process, CoreComply offers significant cost savings compared to the in-house purchase of licensing and staffing a vCISO with specialized knowledge.

With regulatory challenges such as fraud prevention, audit response, and risk management growing in complexity, CoreComply’s platform serves as an invaluable ally to financial advisors. By employing CoreComply, advisors can benefit from:

  • Real-time Compliance Monitoring: Keeping pace with real-time changes in compliance requirements, ensuring advisors are always ahead of the regulatory curve.
  • Risk Assessment and Strategy: Conducting thorough risk assessments and providing a clear strategy and roadmap for compliance, aligned with business operations.
  • Incident Response Preparedness: Offering drill-based and discussion-based exercise resources for ransomware and other cybersecurity threats to prepare firms for potential breaches.

At the heart of CoreComply is the commitment to align compliance operations with business strategy, enabling advisors to pursue growth and innovation without the weight of compliance uncertainty.

Empower Your Practice with CoreComply

CoreComply is dedicated to ensuring that financial advisors are equipped with the tools and knowledge for a streamlined, secure, and compliant business practice. Embrace CoreComply’s platform to transform compliance from a task into a strategic asset.

Make the Call for Compliance Confidence

Learn more about CoreComply to see how we can support you in developing a comprehensive compliance strategy that not only meets but exceeds regulatory expectations. Don’t let compliance be your bottleneck—let it be your competitive advantage.

Reach out to us today and take the first step towards a comprehensive compliance solution that puts you in control.

IT Compliance Strategy

Having a robust IT Compliance Strategy is crucial for 2024. The financial tremors of 2022 have left an indelible mark on the operational outlook in the coming new year. With the world grappling with inflation, rising interest rates, and the cost of living skyrocketing – all amidst post-pandemic recovery and geopolitical tensions – businesses find themselves in a new kind of crucible. This pressure cooker does not spare compliance teams, which are critical in safeguarding the integrity and legal fortitude of financial institutions.


Compliance Cost Dynamics in the Financial Sector

The financial implications of maintaining compliance are steep and climbing, as underscored by the intensified scrutiny and complex regulatory requirements in the wake of recent global events. This year, compliance costs continue to soar due to new sanctions and the overarching need to stay ahead in a competitive market. Among the many reasons for these cost increases:

  • Compliance roles have grown in responsibility due to geopolitical unrest, economic instability, banking failures, and the emergence of new technologies like crypto-assets.
  • Financial services firms are struggling with the complexities of navigating these regulations amid finite resources.
  • There’s an increasing breadth of knowledge required for compliance officers to manage a growing number of regulatory changes and associated risks​​.

The Repercussions of Non-Compliance: A Financial Perspective

The stakes for non-compliance are higher than ever, with notable examples such as Sephora’s $1.2 million penalty under CCPA and the multimillion-dollar fines against tech giants in South Korea. These incidents serve as stark reminders of the financial and reputational risks that come with non-compliance.

Adapting Compliance in Response to Economic Pressures

In response to the economic squeeze, compliance departments are exploring avenues to mitigate the impact of reduced staff and capabilities. Rising talent costs and stringent budgets have prompted a need for strategic adaptation, with technology playing a pivotal role in maintaining operational resilience. As economic conditions tighten, financial organizations are adjusting their compliance strategies to maintain efficiency and effectiveness. They’re tackling the challenges of:

  • Reduced staff and capabilities: Economizing on human resources in compliance roles due to budget constraints.
  • Rising talent costs: Addressing the demand for high salaries and the competition for skilled compliance professionals.
  • Technology as a resilience tool: Leveraging technology solutions to enhance compliance operations and reduce dependency on increasing headcount.

Tech and Compliance: A Synergetic Approach to Efficiency

To combat these challenges, financial services are increasingly turning to technology solutions. Data-centric security models and the adoption of zero trust frameworks are becoming prevalent strategies to manage compliance risks proactively rather than reactively.

  • Data-centric security models: Protecting data through its lifecycle to meet compliance mandates.
  • Zero trust frameworks: Implementing rigorous access controls and verification to prevent unauthorized data breaches.

Outsourcing Compliance: An Economic and Strategic Analysis

As economic conditions tighten, the value proposition for outsourcing compliance becomes clear. Managed service arrangements offer an agile and efficient means to extend compliance capabilities without the overhead costs associated with expanding internal teams.

  1. Technological Complexity and IT Talent Demand: As technology becomes more sophisticated, the struggle to hire and retain expert IT talent intensifies, along with the challenges posed by a growing spectrum of security threats and the need for constant system availability​​.
  2. Strategic and Urgent IT Needs: Outsourcing can be particularly beneficial when internal IT cannot meet urgent strategic demands or when specific IT functions underperform, compromising efficiency and value​​.
  3. Broadening Skill Access and Reducing Risks: The increase in IT service outsourcing shifts focus from cost reduction to accessing a wider array of skills, reducing risks, and improving IT delivery, which benefits the overall business strategy​​.
  4. Tight Market for Specialized Skills: The high demand and competitive market for employees with specialized skills, especially in internal auditing, exacerbates the challenge of attracting talent while managing rising labor costs and organizational complexity​​.
  5. Geographic and Seasonal Flexibility: Outsourcing offers a solution for geographic expansion challenges and the need for fractional or seasonal personnel, providing flexibility not typically available with full-time, year-round employees​​.
  6. Escalating Compliance Costs: Financial service providers face over a 60% increase in operating costs for compliance post-financial crisis, with these expenses often outpacing discretionary spending and pushing for innovation in cost management​​.
  7. Cross-functional Regulatory Effort: Regulation compliance is now a cross-departmental effort requiring diverse CXO involvement and a push towards improving regulatory productivity using advanced technology for cost-effective compliance​​.
  8. Emergence of Transformative Technologies: Blockchain, robotic process automation, and cognitive computing are presenting transformative opportunities for operational and regulatory productivity, though their efficient adoption is complex and challenging​​.

Conclusion: Building a Proactive Compliance Posture for Economic Resilience

The path forward for compliance in an economy beset with uncertainties is proactive and forward-thinking. It’s about turning compliance from a cost burden into a strategic advantage, ensuring that every dollar spent today saves several down the line in potential fines, reputational damage, or operational inefficiencies.

At Coretelligent, we understand the intricate balance required to navigate these complex times. Our CoreComply platform is designed to offer reliable, comprehensive solutions tailored to your unique compliance needs. By partnering with us, you can enhance your firm’s compliance strategy, safeguarding against the risks of today and preparing for the challenges of tomorrow.

Learn more about our approach to security and compliance and how we can help you thrive even in the face of economic headwinds by visiting Coretelligent Security & Compliance Solutions.

AI Implementation in Healthcare to Enhance Patient Care and Data Management

AI Implementation in Healthcare has ushered in a transformative era, where the integration of Artificial Intelligence (AI) is not merely an innovation but a necessity to enhance patient care and optimize data management.

The healthcare and life sciences industry generates over 30% of all global data, and the challenge is to efficiently and securely harness this data to drive informed decision-making and streamline operations. Coretelligent stands at the forefront of facilitating healthcare businesses to navigate through this digital transformation, offering tailored “Healthcare AI Integration Solutions” and expertise in implementing robust AI platforms like Microsoft Azure.


AI Implementation in Healthcare

The Pinnacle of Data Management in Healthcare

The vast data generated by healthcare institutions, from electronic health records to imaging, often remains underutilized, with approximately 95% of data generated by hospitals going unused.

The integration of AI technologies, such as Microsoft Power, Fabric and Azure AI, presents a viable solution to this data underutilization, offering tools that consolidate, standardize, and make data accessible in a unified platform. Coretelligent’s approach to AI-Driven Data Management ensures that healthcare organizations, including medical facilities, can leverage these AI tools to their fullest potential, ensuring data is not just accumulated but also effectively utilized to enhance patient care and operational efficiency.

Enhancing Patient and Provider Experiences with AI

Microsoft’s Azure AI introduces tools like Azure AI Health Bot, Text Analytics for health, and Azure AI Health Insights, each designed to streamline patient-provider interactions, simplify clinical reports, and provide a consolidated view of a patient’s medical history using generative AI.

This tool is a wonder for healthcare professionals, aiding in managing clinical and administrative tasks while also enhancing patient interactions with personalized experiences. It’s a step towards individualized precision medicine, quicker research on critical diseases, and innovative patient care. The Health Bot also plays a pivotal role in making healthcare data more accessible and analytics-ready, facilitating the creation of insightful patient timelines for better care delivery. With the Health Bot, healthcare is not just a service, but an engaging, interactive experience, marking a promising stride towards a patient-centric approach.

AI Implementation in Healthcare: Real-World Impact

In an era where technology is the driving force behind evolution, healthcare is no exception. Microsoft’s Azure AI Health Bot is just one example of how cutting-edge technology can be harnessed to revolutionize healthcare delivery and patient engagement. The impact of this intelligent tool is multi-faceted and resonates through various layers of the healthcare ecosystem.

Forecasted & Current Benefits:

  1. Enhanced Patient Engagement: One of the hallmark features of the Azure AI Health Bot is its ability to foster enhanced patient engagement. By powering intuitive chatbot experiences, it provides patients with an interactive platform to seek information, schedule appointments, and have a personalized healthcare experience. This not only empowers patients with better control over their healthcare journey but also alleviates the administrative burden on healthcare providers that find themselves answering the same questions.
  2. Precision Medicine: The promise of individualized precision medicine is brought a step closer to reality with this technology. By facilitating the analysis of vast amounts of data and creating actionable patient timelines, the Health Bot enables healthcare professionals to devise personalized treatment plans. This tailored approach could augment the effectiveness of treatments and improves overall patient outcomes.
  3. Accelerated Research: The realm of medical research is often hampered by the bottleneck of data management and analysis. The Health Bot, with its data normalization and analytics readiness features, accelerates the pace at which critical research on life-threatening diseases can be conducted. This acceleration could potentially lead to quicker discoveries of treatments and cures.
  4. Optimized Administrative Workflows: The administrative workload in healthcare settings is often overwhelming. The Health Bot serves as a virtual co-pilot, managing administrative tasks and allowing healthcare professionals to focus more on patient care rather than paperwork. This optimization of workflows is crucial for reducing clinician burnout and enhancing the efficiency of healthcare delivery.
  5. Data Privacy and Compliance: With a feature like de-identification service, the Health Bot ensures that data privacy and compliance are upheld while still retaining the clinical relevance of the data. This is paramount in a domain where data privacy is non-negotiable.
  6. Global Health Equity: With multilingual support, the Health Bot transcends linguistic barriers, making healthcare information and services accessible to a broader spectrum of individuals regardless of language, contributing to global health equity.

AI Implementation in Healthcare serves as a bridge between healthcare providers and patients, facilitating a collaborative, informed, and personalized healthcare journey. Through such innovations, we are not just witnessing a transformation in healthcare delivery but a move towards a more patient-centric, accessible, and equitable healthcare system.

Recap: What AI Can do for you:

  • Clinical Assistance and Administrative Workloads Management: The Azure AI Health Bot is being expanded to allow healthcare organizations to build co-pilots for their healthcare professionals. This will help manage both administrative and clinical workloads, which in turn can enhance the patient experiences.
  • Specialized Chatbot Experiences: The Health Bot is designed to assist healthcare organizations in creating specialized chatbot experiences. These chatbots are now powered by generative AI, enabling high-value conversational scenarios specifically tailored for the health and life sciences industry. This could potentially facilitate better interaction between healthcare professionals and patients, or provide patients with an easily accessible source of information.
  • Actionable Insights for Patient Care: The Azure AI Health Bot, along with other tools, is portrayed as a part of a broader ecosystem that aims at making precision medicine more individualized, speeding up research for life-threatening diseases, and finding innovative ways to improve patient care.
  • Data Accessibility and Normalization: Before AI and machine learning can be effectively utilized, the data needs to be analytics-ready. This involves making healthcare data accessible and normalizing it for analytics and AI applications in the cloud. Although not directly mentioned, it’s implied that tools like the Azure AI Health Bot could play a part in this data preparation process by possibly extracting or processing data.
  • Enhanced Patient Engagement: Through examples, the article illustrates how a patient could interact with a chatbot (possibly powered by Azure AI Health Bot) on a hospital website to get answers about medications and set up appointments, highlighting an enhanced engagement experience.
  • Support for Healthcare Professionals: The health bot facilitates the creation of actionable, chronological patient timelines based on clinical data and evidence. This could be crucial in providing healthcare professionals with a clear and organized view of a patient’s medical history, aiding in better diagnosis and treatment planning.

Coretelligent’s Process: Tailoring AI Solutions to Healthcare

Selecting and Customizing AI Models: Coretelligent aids healthcare organizations in choosing the right AI models, like Azure AI, aligning them with specific use cases, and customizing them by training with relevant organizational data.

Data Lake Creation and Management: We facilitate the creation of data lakes and data warehouses by implementing a comprehensive data management strategy. We ensure efficient management and utilization of structured and unstructured data by AI services.

Ensuring Security and Data Integrity: With a focus on “Secure Healthcare AI Implementations,” we prioritize safeguarding data and ensuring its integrity, providing a secure foundation for AI integrations.

Conclusion

As the industry continues to evolve, implementing AI in healthcare will play a pivotal role in shaping future operations, patient care, and data management strategies. Coretelligent, with its expertise in digital transformation and AI Integration Solutions stands as a strategic partner for healthcare organizations. We help to ensure the integration and utilization of AI, such as Azure AI and many more, is not just seamless but also strategically aligned with organizational objectives.

Explore a partnership with Coretelligent and navigate the future of healthcare with confidence, ensuring that your organization is not just keeping pace with digital transformation but leveraging it to enhance patient care and operational efficiency. Contact us today!

The Role of Regulatory Compliance in Life Sciences

As we navigate the new age of AI, the nexus between cybersecurity and regulatory compliance has deepened, particularly in the Life Sciences and Professional Services industries. As owners of vast amounts of sensitive data, these sectors face heightened expectations to uphold rigorous compliance standards.


Regulatory Compliance in Life Sciences

 

The Compliance Landscape Today:

  • Surge in Data Breaches: Digital transformation has brought both convenience and vulnerability to the landscape. In 2022 alone, the U.S. witnessed 1,802 data breach cases, affecting over 422 million individuals.
  • Industry-Specific Vulnerabilities: While every sector faces cybersecurity threats, certain industries bear a heavier burden due to the sensitive nature of the data they handle. Healthcare, financial services, and manufacturing topped the list in 2022, with the financial sector seeing a significant uptick in data compromises.
  • Evolving Regulatory Landscape: As cyber threats grow in sophistication; regulatory frameworks are evolving in tandem. All this while SEC proposed new data privacy regulations, heightened audit requirements, and stringent third-party risk management mandates are reshaping how businesses approach compliance.
  • Global Repercussions of Non-Compliance: In our interconnected business ecosystem, a breach in one region can trigger ramifications worldwide, underscoring the global implications of non-compliance.
  • The Role of Governance, Risk, and Compliance (GRC): With the increasing complexity of regulatory requirements, a well-designed GRC strategy becomes indispensable. It aids organizations in aligning their IT operations with business objectives while ensuring they meet regulatory compliance mandates.
  • The Cost of Non-Compliance: Beyond the immediate financial penalties, non-compliance can erode customer trust, tarnish a company’s reputation, and result in lost business opportunities.

For a deeper dive into the nuances between security and compliance, especially in 2023, our article “Security vs. Compliance: Differences & Similarities (2023)” provides valuable insights.

Best Practices in Compliance Management:

Effective compliance management goes beyond simple adherence to regulations. It’s about leveraging these regulations to foster trust, ensure data protection, and achieve business growth. Here are some strategies and methodologies:

  1. Continuous Monitoring: Utilize compliance management tools designed to help businesses conduct audits, assess and mitigate potential risks, and continuously manage compliance programs.
  2. Risk Assessment: Employ tools that monitor an organization’s external cyber hygiene and their business with third parties. Such tools enable teams to automatically prioritize risk issues based on issue severity and the systems’ value at risk. Take a free risk assessment, here.
  3. Gap Analysis and Roadmap: A comprehensive document outlining the existing gaps between an organization’s current and ideal future state. This is followed by a report elaborating on the strategies to achieve organizational goals efficiently.
  4. Incident Response Exercise: Engage in discussion-based exercises to discuss roles during emergencies, such as ransomware attacks.
  5. Engage Expertise: Consider consulting with experts in the field for strategic guidance and planning. Such professionals often have backgrounds in cybersecurity and are continually self-educating on compliance strategy.

Conclusion:

While often seen as a cumbersome necessity, regulatory compliance offers dual benefits. It ensures that sensitive data is handled with the utmost care, minimizing the risk of breaches. Moreover, businesses prioritizing compliance are often viewed more favorably in the market, giving them a competitive edge as a trusted provider.

Compliance is not just about adhering to rules but about fostering trust and ensuring sustainable growth.

Contact Coretelligent today and ensure your company stays up-to-date with ever-evolving compliance regulations, restrictions, and audits.

Financial Data Protection

For cybercriminals around the world, the vast array of sensitive financial data presents an attractive target. The inherent vulnerabilities of the financial sector are accentuated by high-stakes operations, a high volume of transactions, and a lack of awareness around new and innovative tools that cybercriminals use in 2023.

At Coretelligent, we possess a deep understanding of the intricacies of financial data protection and the challenges it presents. We provide insights into the evolving landscape and its broader implications.


Financial Data Protection

 

Recent Challenges: A Comprehensive Look at the Latest Threats, Breaches, and Challenges in the Financial Industry

The financial sector, being the backbone of the global economy, has always been a prime target for cybercriminals. With the increasing digitization of financial transactions and services, the threats to financial data protection have only magnified. 2023 has seen a surge in sophisticated cyberattacks targeting financial institutions. Here are some of the most notable incidents and trends:

1) Rising Ransomware Attacks:

Ransomware attacks on financial services have seen a significant increase. SentinelOne reported a rise from 55% in 2022 to 64% in 2023. This is nearly double the 34% reported just two years ago, in 2021. Such attacks not only disrupt services but also lead to substantial financial losses and reputational damage.

2) Cost of Data Breaches:

According to Statista, as of 2023, the average cost of a data breach in the financial industry worldwide stood at 5.9 million U.S. dollars, slightly down from 5.97 million U.S. dollars in 2022. This highlights the financial implications of not securing data adequately and how some companies are already taking proactive measures to address these vulnerabilities from the previous year.

3) Escalating Cyber Threats:

BankInfoSecurity reported on the rise of punitive attacks in 2023, including Banking Trojans, fake finance apps designed to steal data, and ransomware. Cybercriminal cartels have escalated their attacks, targeting the vulnerabilities of financial institutions.

4) Surge in Reported Cybersecurity Breaches:

A report from RPC report underscores the escalating cybersecurity challenges in the financial sector for 2023. Financial service providers reported a surge in breaches, jumping from 187 in 2021/22 to 640 in 2022/23, spotlighting the pressing need for stronger cybersecurity measures.

The financial sector must remain vigilant and proactive in its approach to cybersecurity. With the evolving threat landscape, it’s imperative for institutions to invest in advanced cybersecurity measures, continuous monitoring, and employee training to safeguard their assets and reputation.

The Importance of Tailored IT Support: The Role of Specialized IT Support in Safeguarding Financial Data and Operations

Financial institutions, given their unique operational intricacies, require bespoke IT solutions. Tailored IT support is not a luxury but a necessity in addressing these specific needs.

Key facets of specialized support include:

  • Proactive Monitoring: Leveraging advanced tools to detect anomalies and potential threats in real-time.
  • Strategic Guidance: Providing insights rooted in years of industry experience, ensuring financial institutions are always a step ahead.
  • Rapid Incident Response: Employing a systematic approach to minimize downtime and data loss during security incidents.

Case Study

When New York-based investment firm, Shay Capital, faced challenges with their expanding operations, they turned to Coretelligent for a robust and scalable IT solution. Our comprehensive approach not only fortified their defenses but also supported their rapid growth, ensuring the security of sensitive financial data. Mike Murray, Principal at Shay Capital, remarked on the seamless experience, stating, “So far, there haven’t been any issues, which is remarkable.” Learn more about our collaboration with Shay Capital.

Conclusion: The Future of Cybersecurity in the Financial Sector and the Importance of Industry-Specific Solutions

The cybersecurity landscape for the financial sector is not static; it’s a battleground. As threats evolve, so must our defenses. Continuous training, heightened employee awareness, and cutting-edge cybersecurity solutions are non-negotiable. Financial institutions must prioritize cybersecurity as an integral business strategy.

At Coretelligent, we stand at the forefront of this endeavor, with industry-specific expertise, ensuring institutions safeguard their operations, data, and reputation. Secure your financial data protection strategy for 2023.

Contact Coretelligent today and fortify your institution’s defenses

 

AI-driven cyber threats are not just a fact; they are an ever-evolving issue for many industries. In the span of three years, Artificial Intelligence (AI) has evolved from a budding concept to a monumental force, revolutionizing industries and paving new pathways for innovation. However, with every digital stride we take, the underbelly of the cybersecurity world reveals more complexities. The same AI, which stands as a beacon of progress, is now being weaponized by nefarious minds, leading to the creation of threats more sophisticated than ever before.


ai-driven threats

 

The AI Threat Landscape:

The digital underworld is abuzz with cybercriminals harnessing the power of AI, amplifying their hacking prowess. Whether it’s the automation of cunning phishing schemes or the deployment of machine learning for relentless password attacks, the malicious use of AI is not just a concern—it’s an alarming reality. These AI-infused threats are not just multiplying; they evolve, learn, and outpace traditional defense mechanisms.

For a deeper understanding of defense against AI-driven threats and to equip your organization with the right tools and knowledge, explore this free Risk Assessment.

The Ripple Effect on Key Industries:

While the digital age offers boundless opportunities, it also brings unprecedented challenges, especially with AI-driven cyber threats. With its treasure troves of sensitive data, the Financial Services sector finds itself in the eye of the storm. The surge of AI in cyber warfare means these institutions are grappling with new threats daily.

Life Sciences entities, guardians of invaluable intellectual property, aren’t spared either. They, too, are prime targets for AI adversaries. Any entity handling confidential data, especially those with deep pockets, is in the line of fire. Life Sciences entities, guardians of invaluable intellectual property, aren’t spared either. They too are prime targets for AI adversaries. Simply, any entity handling confidential data, especially those with deep pockets, is in the line of fire.

For a nuanced exploration of the compliance intricacies faced by the Financial Services sector in 2023, we invite you to delve into our comprehensive piece: “Financial Services Compliance: What to Know in 2023”.

Proactive Defense Strategies:

Over the past several years, the world has seen numerous case studies on how these AI-driven cyber threats can impact a business, even Fortune 500 companies. In the face of these threats, businesses must adopt a comprehensive and proactive defense strategy. Here are a few of the most recommended strategies and how companies could have better utilized them.

Continuous Monitoring and Real-time Threat Detection:

Implementing systems that continuously monitor network traffic and user behavior can help in early detection of any anomalies. Real-time threat detection can alert IT teams immediately, allowing them to act before significant damage occurs.

For example, T-Mobile experienced data breaches in May and January 2023. Had a more robust real-time threat detection system existed, the breaches might have been detected and mitigated sooner.

Advanced AI Defense Strategies:

Utilizing AI to counteract AI-driven threats can be an effective strategy, but too few companies are taking the time to implement these tools proactively. AI can predict potential attack vectors and strategies that hackers might use, preparing businesses for the next big attack.

In another case, Latitude Financial experienced a massive breach in March of 2023, compromising over 14 million records. Advanced AI defense strategies could have predicted the attack vectors used against the company.

Employee Training and Awareness:

Regularly training employees to recognize potential AI-driven cyber threats like phishing emails or suspicious links can prevent the most sensitive area of cybersecurity, the human element. While typos and grammatical mistakes were once a clear indicator of phishing, AI can quickly fix these issues and even make the phrasing more compelling to act. That’s why informed and vigilant employees are often the first line of defense.

Case in point: MailChimp faced a data breach in 2023. Hackers obtained employee credentials, allowing them access to Mailchimp’s support and admin platforms. Such breaches often start with a single employee clicking on a malicious link. However, social engineering tactics can be much more effective. Regular training could reduce such risks.

There are two other examples: MGM and Ceasar’s, who faced a similar breach that occurred earlier this year, both of which started with a simple phone call to the support desk.

State-of-the-art Cybersecurity Tools:

Employing the latest cybersecurity tools that offer multi-layered protection, including firewalls, intrusion detection systems, and encrypted/blockchain communication, can form a robust defense against some of the more common threats.

A lesson Verizon learned after having records of over 7 million users posted on a hacker forum in March 2023. Using state-of-the-art tools could have prevented unauthorized access since, according to their year’s report, 74% of breaches began through human error, social engineering or misuse.”

Incident Response Plan:

A well-documented and practiced incident response plan ensures that when a breach occurs, the organization can swiftly mitigate damage, communicate with stakeholders, and recover data.

Likewise, MOVEit, a File Transfer and Automation Software company faced a significant data breach in June of 2023. The breach impacted over 200 companies that utilized the platform, including the Department of Energy and schools across the US. The result is a security vulnerability in their software. These vulnerabilities can be impossible to predict. However, an effective incident response plan could have minimized the impact and duration of the breach.

Conclusion:

The integration of AI in cybersecurity is a double-edged sword. While it offers enhanced protection mechanisms, it also presents new challenges as cybercriminals harness its power for malicious intent. As we navigate this new frontier, the importance of continuous learning, adaptation, and proactive defense cannot be overstated.

Concerned about AI-driven cyber threats? Contact Coretelligent today and fortify your defenses.

In our rapidly evolving digital landscape, the significance of airtight cybersecurity is paramount. The recent incidents at MGM & Caesar’s highlight this urgency.


The Incident

MGM faced operational hiccups when slot machines and hotel room key cards went haywire. Likewise, Caesar’s experienced a breach, exposing sensitive data like driver’s license numbers and social security details of their loyalty program members. The shocking part? A phone call to the casino’s helpdesk was the entry point.

These establishments were seemingly on the radar of ransomware-as-a-service (RaaS) groups ALPHV/Blackcat and Scattered Spider. These groups adeptly used social engineering tactics to infiltrate, specifically targeting the company’s Okta platform, a popular identity and access management (IAM) provider for the cloud.

Their Tactics

The attackers claimed to have breached MGM’s systems by accessing the company’s Okta Agent, which connects to an organization’s Active Directory. After gaining access, they lurked around, collecting passwords, and subsequently launched ransomware cyberattacks on a massive scale. The ALPHV group has even threatened further action if their demands aren’t met.

Okta’s chief security officer, David Bradbury, acknowledged the cyberattack’s social engineering component. He emphasized that while the human aspect of the attack was straightforward, the subsequent stages were intricate. Bradbury also highlighted the importance of adding a visual verification step for high-access privilege users to prevent such breaches.

The MGM attack is resulting in daily losses of $8 million for the casino. This underscores that even seemingly secure organizations can still fall prey to cybersecurity breaches. The continued success of social engineering as a tactic demonstrates that humans are often the weakest link in the chain.

How to Fortify Your Defenses

This recent incident has left companies asking themselves if they are safe from similar attacks. Coretelligent emerges as a beacon of trust and reliability in this tumultuous cybersecurity climate. Episodes like this are more prevalent than ever, and we’re constantly making sure to analyze point by point where things could have been improved, even for victims who are not our clients. Learning and growing from every new event is part of what makes us a trusted organization in the cybersecurity space. That’s why we’ve outlined some of the solutions we offer to help prevent an attack like these for our clients.

Let us fortify your defenses with the following:

CoreArmor

  • Real-time Monitoring: Detect unusual IT system activities, thwarting unauthorized access.
  • 24×7 US-based SOC: Our cybersecurity experts are always on standby, ready to neutralize threats.
  • Incident Response: Swift actions to curtail and mitigate security breaches.
  • Penetration Testing & Reporting: Identify vulnerabilities proactively, ensuring they’re addressed before exploitation.
  • End-user Security Awareness Training: Arm your employees with the knowledge to sidestep potential cyber threats.

CoreComply

  • Managed Security Controls: A holistic approach to security controls, from access control reviews to ensuring no accounts are overprovisioned.
  • TPRM Program Development: Our team delves deeper than just compliance checkboxes, ensuring a comprehensive vendor categorization based on data criticality.
  • Hyperproof: A continuous compliance management tool.
  • RiskRecon: A vigilant eye on external cyber hygiene and third-party risks.
  • Risk Assessment: Comprehensive analysis and mitigation of potential compliance gaps.

Take Action

We’re offering a free Risk Assessment, your first step towards unparalleled security, compliance, and risk management. Join the ranks of thousands who’ve bolstered their defenses with Coretelligent.

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