Colo Solutions, a colocation and cloud services provider located in downtown Orlando, Florida, announces successful completion of their 2019 SOC 1 Type 2 examination, HIPAA security compliance assessment, and PCI DSS assessment.
As the company’s top priority, ‘customer needs’ are the driving force behind the comprehensive initiative, noted Clayton Mynard, CEO.
Providing additional confirmation
The company’s five consecutive years of SOC compliance reflects their long-standing dedication to service organisation controls, including both physical security and environmental security. Meanwhile, their HIPAA compliance demonstrates their secure handling of electronic protected health information (ePHI), and PCI-DSS compliance provides additional confirmation of the company’s secure payment data handling methods.
While data protection is a concern for any company that handles client information, Colo Solutions serves a vast range of industries – from healthcare to retail – necessitating a broad range of compliance initiatives. The Health Insurance Portability and Accountability Act (HIPAA) defines policies and procedures required of companies that store, process, or handle ePHI, and has become increasingly mandatory for service providers working with other organisations that store healthcare data.
Payment card security
PCI-DSS requirements is crucial for preventing financial and reputational damage
The Payment Card Industry Data Security Standard, or PCI-DSS, is the most widely used and industry-recognised payment card security standard available. With payment breaches on the rise, ensuring an organisation meets the most up-to-date PCI-DSS requirements is crucial for preventing financial and reputational damage.
Completion of the SOC 1 examination demonstrates a company’s commitment to safeguarding their client’s infrastructure. Companies that complete annual SOC 1 examinations are able to demonstrate a substantially higher level of security assurance and operational visibility as compared to those companies without an examination.
More seamless examination
Colo Solutions’ proactivity helps set them apart from their competitors. Additionally, by taking an integrated approach to cybersecurity audits, they were able to streamline the process for their own team, while achieving a more comprehensive review of their controls.
All three efforts were completed by the professional and independent third-party audit firm, 360 Advanced, Inc. Leveraging the continuity and cohesiveness of a single engagement, Colo Solutions was able to achieve a more seamless examination and a more thorough review of their controls.
