Compliance Management and Enforcement
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of businesses are closed 6 mos. after a data breach
of attacks are delivered through email
of businesses have cyber liability coverage
of cyber claims get denied due to non-compliance
A growing need for Small Business...
We make it as easy as 1-2-3!
1) Third-party compliance management can help SMBs ensure that they are meeting their regulatory obligations. Many industries have strict regulatory requirements for data protection and cybersecurity, and non-compliance can result in fines and other penalties. By working with a third-party compliance management provider, SMBs can ensure that they are meeting their regulatory obligations and avoid potential penalties.
2) Third-party compliance management can help SMBs ensure that their insurance coverage is adequate. Cyber insurance policies can be complex, and it can be difficult for SMBs to fully understand the coverage they have. A third-party compliance management provider can help SMBs understand their risks and determine whether their current insurance coverage is sufficient. This can help SMBs avoid underinsuring themselves, which could lead to financial losses in the event of a data breach or other cyber incident.
It is important for small and medium-sized businesses (SMBs) to have a third party, such as North Bridge, providing third-party compliance management for regulatory compliance, insurance compliance, and data breach prevention for several reasons.
Do You Have a False Sense of Cyber Security?
There are many common misconceptions about cyber crime and cyber security that can lead business leaders to believe they are fully protected and have a false sense of cyber security.
Are any of these misconceptions part of your thought process?
Too Small to be a Target
Many business leaders believe that because they are a small business, they are not a target for cyber attacks. However, this belief can give them …
We Have Cyber Liability Insurance
Many business leaders believe that because they have cyber liability insurance, they are fully protected from cyber threats and the financial consequences of a cyber …
All We Need is Anti-Virus
Many business leaders believe that because they have anti-virus software and other security measures in place, they are fully protected from cyber threats. However, this …
We Don’t Have Sensitive Data
Many business leaders believe that because they do not store any sensitive data locally, they are fully protected from cyber threats. However, this belief can …
Our Tech People Have Us Covered
Many business leaders believe that because they have an IT team in place, they are fully protected from cyber threats. However, this belief can give …
Ransomware? We Have Backups.
Many business leaders believe that because they have data backups, they are fully protected from the threat of ransomware. However, while it is certainly important …
Our Data is in the Cloud
Many business leaders believe that because all of their data is stored in the cloud, they are fully protected from cyber threats. However, this belief …
...and it grows FASTERevery day.
3) Third-party compliance management can help SMBs prevent data breaches and other security incidents. By regularly reviewing and assessing the security controls of their insurance and IT providers, SMBs can identify potential vulnerabilities and take steps to address them. This can help SMBs reduce their risk of a data breach or other security incident and protect their data and systems from cyber threats.
Overall, it is important for SMBs to have a third party, such as North Bridge, providing third-party compliance management for regulatory compliance, insurance compliance, and data breach prevention. These services can help SMBs ensure that they are meeting their regulatory obligations, protect their data and systems from cyber threats, and ensure that their insurance coverage is adequate. By leveraging the expertise and resources of a third-party compliance management provider, SMBs can better protect their data and systems and avoid potential fines and other penalties.
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