Did You Know Only 4% to 5% of MSPs Achieve SOC 2 Compliance Globally?

 

Did you know that the IT and Managed Services Provider (MSP) industry remains largely unregulated? At TruAdvantage, we prioritize security and compliance. Since 2016, we’ve been committed to obtaining multiple industry-leading compliance certifications. This ensures that we maintain the highest standards in safeguarding your data, keeping it secure, confidential, and protected through a thorough, audited process.

 

  • HIPAA compliant since 2016 (Annual)
  • SOC2 compliance in progress (Annual)
  • Audit & Pen Test completion (Quarterly)

Your IT team has access to your most sensitive data. They have the Key to the Kingdom. Make sure their internal processes are compliant and audited.

 

We have been HIPAA Compliant since 2016

Achieving HIPAA compliance is an ongoing process that requires dedication, resources, and a commitment to protecting our clients’ privacy and security. We should regularly reassess our compliance efforts and adjust as needed to ensure we meet HIPAA requirements.

What is HIPAA?

HIPAA stands for the Health Insurance Portability and Accountability Act. It is a federal law passed in the United States in 1996. HIPAA is crucial in ensuring that individuals' private information is kept private and secure

How did we become HIPAA Compliant? Impact on clients?

We do the following annually:

  • Since 2016, we get audited and certified annually
  • We conduct Risk Assessment and review internal monitoring
  • We develop and review policies and procedures
  • We implement & review security safeguards
  • We train our staff
  • We implement & review privacy practices
  • We maintain documentation & submit it

We are in the process of SOC2 Compliance

As a service organization, we are undergoing SOC 2 examinations to demonstrate our commitment to data security, integrity, availability, and privacy. Our clients can use our SOC 2 reports to evaluate our effectiveness, risk exposure, accountability and assurance of data security and make an informed decision about engaging with us as their IT partner.

What is SOC2?

Service Organization Control 2, is a framework for evaluating and reporting on the controls of service organizations that handle customer data. Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 reports provide assurance on the security, availability, processing integrity, confidentiality, and privacy of customer data.

How are we undergoing SOC2 Compliance? Impact on clients?

We are doing the following:

  • Perform a Gap Analysis
  • Develop a Remediation Plan
  • Develop Policies and Procedures on Governance, Change Management, Billing, Data Management & Physical Security
  • Establish Monitoring and Reporting Processes
  • Engage an Independent Auditor (CPA)
  • Conduct the SOC 2 Examination
  • Conduct Interviews and Testing
  • Maintain Ongoing Compliance & Update

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TruAdvantage by the Numbers

There is a reason that our Managed IT has over 14 awards by IT Committees (CRN, MSP501) & 200 plus five-star reviews on Google by our clients.

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