SAFEGUARDING HEALTHCARE THROUGH CYBERSECURITY
REGULATION AND COMPLIANCE
NON-COMPLIANCE AND CONSEQUENCES
Failure to comply with financial regulations can result in severe consequences:
• Monetary penalties
• Damage to reputation
• Legal liability
• Loss of regulatory approvel
• Criminal charges
MINDWHIZ – 6 STEPS TO BUILDING A SECURE NETWORK FOR YOU
Building a secure financial network requires expertise in safeguarding sensitive financial data. You need experienced professionals to ensure that your systems meet regulatory standards and are protected from potential cyber threats. MindWhiz can guide you through the process of constructing a secure network for your financial operations:
01. CONDUCT A RISK ASSESSMENT (RISKS TO ePHI)
The first step in securing your network is conducting a thorough risk assessment. This helps identify potential vulnerabilities in your systems and outlines what needs to be protected.
02. IMPLEMENT TECHNICAL SAFEGUARDS
Establish robust technical measures, such as encryption and multi-factor authentication, to protect sensitive financial data both in transit and at rest.
03. IMPLEMENT ADMINISTRATIVE SAFEGUARDS
Beyond technical controls, implementing strong administrative safeguards, such as security policies, employee training, and contingency plans, is crucial for protecting your financial assets.
04. USE HIPAA-COMPLIANT HOSTING SERVICES
Ensure your network is hosted by a provider that meets necessary security requirements. This includes using encrypted servers and robust access control measures to secure your financial information.
05. REGULARLY MONITOR AND AUDIT YOUR NETWORK
Continuous monitoring and auditing help identify and address any potential security gaps. Regular assessments ensure that your network remains secure and compliant with regulations.
06. DOCUMENT YOUR COMPLIANCE EFFORTS
Proper documentation of your security practices is key. Regularly update and record your compliance activities to demonstrate adherence to financial industry regulations and mitigate potential risks.
MINDWHIZ Managed Security Operations
SOC - CONTINUOUS MONITORING
MindWhiz operates a 24/7 Security Operations Centre (SOC) with a specialized team that uses advanced tools to continuously monitor your financial infrastructure and safeguard critical assets.
THREAT IDENTIFICATION & MANAGEMENT
We offer SIEM as a Service, with trained experts available around the clock to identify threats promptly and take immediate action to neutralize them.
MANAGED INCIDENT RESPONSE
In the event of a security breach, MindWhiz collaborates directly with your team to ensure swift and effective incident response. We customize workflows and response protocols tailored to your needs.
SECURITY AUDITS
Our audits are integral to a robust cybersecurity framework, helping you discover your digital assets and map your potential vulnerabilities, reducing risk exposure.
VULNERABILITY SCANS
MindWhiz provides comprehensive vulnerability scans that identify weaknesses in your systems that cybercriminals can exploit, enabling us to patch those gaps and fortify your defenses.
END POINT SECURITY
Most cyber threats originate from user devices. We implement effective endpoint security solutions to combat social engineering, phishing, and weak security practices that can lead to breaches.