Industry FAQs
Praxis Data Security is a woman owned – minority owned business.
Our team consists of numerous information security professionals
and retired federal law enforcement averaging over 20 years of experience in the field.
A business impact analysis (BIA) predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies. The BIA should identify the operational and financial impacts resulting from the potential disruption of business functions and processes.
For small businesses, the actual BIA normally takes between 2-4 hours to complete as a baseline when pre-interview questionnaire is completed. Factors include on the number of employees, business process flows, locations, industry, and complexity of your infrastructure.
The cost of a BIA depends on the size, number of locations, and complexity of infrastructure, once known we will give an estimate.
A business continuity planning details processes that will help keep operations running in the event of a disaster.
The benefits of a solid Business Continuity Plan are:
- To identify and manage threats to your business both current and future
- Classify critical business processes and ensure they are running during critical incidents.
- Minimize downtime during incidents and improve recovery times.
Asset Classification is determining what information is critical based on sensitivity and impact if the information is altered, destroyed or disclosed.
The Company's information, data and communication must be classified according to its level of confidentiality, sensitivity, value and criticality.
There are three steps that make this process easier to follow:
- Know your information assets and assign value to each one of them.
- Label each information asset.
- Method of handling each information asset.
A vulnerability assessment is a systematic review of security weaknesses in an information system.
Preparation & Scope: Identifying where any sensitive data resides, and which data and systems are most critical. Then determining to include which systems, networks, mobile and cloud will be included in the assessment.
Scanning: Scanning for vulnerabilities within the scope determined above.
Analyze: Scanning can provide an immense amount of data, analysis of the data to determine the causes of the vulnerabilities, the impact, and the means of remediation.
Remediation: Based on the analysis results, vulnerabilities are prioritized, and the mitigation of each vulnerability is addressed.
Vulnerability Assessments cost depends on the number of endpoints, scope and depth of the scan, amount of locations and What is a SOC audit and why do I need one?
System and Organization Controls (SOC) reports are verifiable auditing reports which are performed by a Certified Public Accountant. SOC reports utilize independent auditors to examine different aspects of a company, to include: Controls related to financial reporting and Cybersecurity, Data Confidentiality, Integrity, Availability and Privacy.
Some organizations are legally required to verify their internal controls. Having a SOC audit conducted on your business or potential business partners displays confidence, trust, and credibility of the internal controls of your business.
SOC 1 audit are primarily related to financial reporting and control objectives with respect to business processes and it's information technology.
SOC 2 audit relate to controls with respect to operations and compliance within relation to availability, security, processing integrity, confidentiality and privacy.
Type 1 looks at efficiency of controls at a point of time.
Type 2 looks at efficiency of controls over a period of time.
If your organization electronically processes, stores, transmits, or receives medical records, claims or remittances, then yes your business will fall under HIPPA compliance.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment.
Yes it does! Many businesses use third party vendors to conduct their credit card processing, the vendor is responsible under PCI, but your business is still accountable. Under PCI you are not under the same level (1-4) as a business that stores credit card data, but you still need to be compliant under PCI.
The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information from individuals who live in the European Union (EU).
Regulation applies regardless of where websites are based, it must be heeded by all sites that attract European customers. For example, if your organization is based in the United States and you have a customer who resides in the EU, who then purchases a good or service from your website, you now must be GDPR compliant.
Much like GDPR, the California Consumer Privacy Act is a legal framework that sets guidelines for the collection and processing of personal information from individuals who reside in the state of California.
Yes, CCPA compliance is based on the consumer, not the vendor, if the customer resides in California, you fall under CCPA Compliance.
IOT devices are of pieces of equipment with a sensor that transmits data from one place to another over the Internet.
Connected smart appliances
Smart security systems
Smart factory equipment
Wireless inventory trackers
Ultra-high speed wireless internet
Biometric cybersecurity scanners
Shipping container and logistics tracking
Smart locks with the ability to manage building access from any device.
Connected cameras.
Mobile card readers
Inventory and stock control
Shipping trackers
Supply-chain data monitoring
Smart thermostats and HVAC
Smart lights
Identity and access management are technologies and policies used to manage user identities and regulate user access within an organization.
IAM solutions help identify and mitigate security risks.
IAM is used to determine policy violations or delete inappropriate access privileges. You can also use IAM to confirm that security measures are in place to meet regulatory and audit requirements.
Contracting out a product or service to a third party vendor you’re opening your business to potential risks in the form of business negotiations, financial, and reputation just to name a few. Vendor management is a plan established to protect your business from vendor risk. Even with no bad intent, poor third-party vendor security represents a large security risk.
You may not be responsible, but more than likely you're accountable. Whether financially, regulatory, or business reputation. It's important to have a Third Party Management plan in place and to stay on top of it.
Is the process by which a business manages a data breach or cyberattack (incident) so that the damage is limited and both recovery time and costs, as well as damage to brand reputation, are kept at a minimum.
Incident Response Plans are required under certain Federal regulations for compliance such as HIPPA, SOC1 & SOC2, and is required to meet all information security standards.
System and Organization Controls (SOC) reports are verifiable auditing reports which are performed by a Certified Public Accountant. SOC reports utilize independent auditors to examine different aspects of a company, to include: Controls related to financial reporting and Cybersecurity, Data Confidentiality, Integrity, Availability and Privacy.
Some organizations are legally required to verify their internal controls. Having a SOC audit conducted on your business or potential business partners displays confidence, trust, and credibility of the internal controls of your business.