Regulatory compliance isn’t something you can just opt-in and out of. When you work in certain industries, failing to follow compliance standards can result in legal action and substantial fines. Meeting regulatory requirements is necessary for protecting company and customer data. Putting your customers at risk decreases public confidence and can harm your business. This article offers an overview of how IT compliance builds trust and reputation.

Importance of Compliance in IT

Compliance laws, regulations and requirements aren’t in place to give companies a list of things that need to be done to avoid fines. Violating compliance standards introduces information security risks. Businesses can mitigate these risks by implementing appropriate cybersecurity controls, or rules. Implementation of cybersecurity controls results in a safer environment, lower risk of data breach, a reduction in reputational risk, and increased user trust.

Building Trust with Customers

In a trust-based world, the brands perceived as trustworthy are highly effective at attracting and retaining customers. And trust is strengthened through reliable compliance. Customers want to know that the companies they do business with are transparent and have an ethical culture. They look to see what a business values and how it behaves, both in times of success and when under duress.

To deliver greater value, compliance needs to be conducted in a way that not only meets regulatory requirements, but also aligns with the business’s overall purpose. It’s not a surprise that customer trust is an important part of being a successful business, but what might come as a surprise is how customer trust is now interchangeable with data security and how upholding those values is truly what makes your business competitive.

PointSolve’s IT Compliance Services

By working with an experienced IT Services Provider and building a strong risk assessment framework you can make sure your employees are following the right rules and avoid the repercussions of data breaches.

At PointSolve, we provide our partners with the IT Security and Compliance services needed to protect their data. When you work with us, you can expect a comprehensive suite of security, risk management, and compliance services including:

• Alignment of policies with industry-specific regulations
• Strategic planning to address gaps in compliance
• Data Security
• Security training
• 24/7 security monitoring

It’s clear that gaining and keeping customer trust by protecting their data is vital to the competitiveness of a business and its ongoing success.  If you’d like recommendations regarding compliance, contact us today.