IT Risk Management & Compliance
Overview
Advanced Cybersecurity Solutions Designed for Regulatory Excellence
Compliance is not just a requirement but a cornerstone of trust and operational resilience. Risk Cognizance offers a comprehensive suite of IT Risk Management and Compliance solutions, designed to address the unique regulatory challenges of industries such as defense, finance, healthcare, and technology.
Whether you’re navigating the complexities of federal compliance or adhering to industry-specific standards, our solutions ensure your organization remains secure, compliant, and competitive.
IT Risk Management & Compliance
Information Technology Risk Management Program Development
| Working to diagnose IT risk issues that place organizations in legal, financial, or reputational peril. PYA identifies areas of improvement and provides innovative solutions that align with our clients’ business objectives. We help your organization develop a successful IT risk management program that not only helps safeguard IT, but also helps make the critical business functions of your organization’s mission more effective. |
IT Governance Program Development
| Structuring, overseeing, and evaluating operations as they relate to IT, ensuring clients are able to realize strategic and measurable growth. PYA understands that collaboration and communication are essential to the success of any IT initiative. The cooperation of stakeholders, business process owners, and domain experts is the cornerstone of reliable and effective governance. |
HIPAA Compliance Assessment (Privacy Security & Breach Notification)
| Evaluating that our clients are safeguarding the privacy and security of protected health information, and avoiding problems that could lead to significant penalties and damaged reputations. Our team of CIOs, CTOs, and Compliance Officers understands first-hand that providers are subject to regulations that create substantial monetary penalties for non-compliant entities. |
HIPAA Security Risk Analysis
| Recognizing that extensive HIPAA-HITECH regulations require constant vigilance. PYA’s HIPAA Security Risk Analysis includes a system-wide assessment to identify controls, threats, and vulnerabilities relevant to regulatory requirements. Whether you are safeguarding meaningful use funds or simply concerned about maintaining compliance with HIPAA, it’s essential to conduct regular HIPAA compliance assessments. |
IT Outsourcing Assessment
| Outsourcing any aspect of your business involves risk. Whether your needs include an audit of a current outsourcing engagement, transition to a new one, or extraction of an outsourced arrangement, our team will guide you through the entire process and assist with mitigation and cost management. |
IT and EHR Assessment
| Combining key documentation reviews, in-depth interviews, and user satisfaction surveys with various components of a healthcare information system: hardware, software, interfaces, vendor support, etc. Comparing IT costs, staffing, user satisfaction, and physician satisfaction presents a complete picture with quantitative results. PYA relies on these results to advise on tactical and strategic recommendations for improving IT productivity and system utilization, while lowering costs. |
Meaningful Use Gap Analysis
| Providing a comprehensive, independent assessment to review progress as hospitals, physician practices, and healthcare systems pursue the various stages of meaningful use compliance. We leverage more than three decades of experience in clinical systems implementation, security, privacy and regulatory compliance, public policy, health information exchange, and project management to accelerate meaningful use readiness, identify problems for early remediation, and provide thorough documentation and preparation for potential CMS audits. |
Mergers & Acquisitions (M&A) IT Assessment
| Helping organizations address technology challenges related to transactions. Our M&A team offers support that includes a comprehensive assessment of IT resources, assets, and compliance efforts. Our assessment provides critical insight into the IT segment of an acquisition, merger, or other cooperative venture. PYA’s technical, compliance, and IT operations professionals focus on critical decision points to help decrease risk and increase integration success. |
Enterprise Data Governance Assessment
| Determining appropriate implementation of new, or revising existing, data governance programs. We assess organizational needs and offer recommendations that assist management in making the case for program implementation Disaster Recovery (DR) Planning and Assessment
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Enterprise Data Governance Assessments
Effective data governance is critical for organizations to manage and protect their data assets while ensuring compliance with regulatory requirements. Our Enterprise Data Governance Assessment service is designed to help businesses evaluate their data governance framework, policies, and processes.
Evaluate Current Data Governance Frameworks:
Analyze your organization's data governance structure to identify strengths, weaknesses, and areas for improvement.
Ensure Compliance:
Verify alignment with industry regulations such as GDPR, HIPAA, CCPA, and others to mitigate compliance risks.
Strengthen Data Quality and Integrity:
Assess data accuracy, consistency, and completeness to improve decision-making and operational efficiency.
Identify Security Gaps:
Highlight vulnerabilities in data protection and implement measures to secure sensitive information against breaches.
Optimize Data Lifecycle Management:
Review how data is created, stored, processed, and retired to ensure efficient and compliant handling throughout its lifecycle.
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Comprehensive Coverage for Regulatory Frameworks
DFARS – Defense Federal Acquisition Regulation Supplement
Risk Cognizance DFARS 252.204.7012 clause mandates all Department of Defense (DoD) contractors and subcontractors to meet stringent cybersecurity standards. This regulation underscores the importance of protecting sensitive government data against increasing cyber threats.
How Risk Cognizance Supports You:
- Conduct gap analyses to pinpoint compliance deficiencies.
- Implement and validate controls in alignment with NIST SP 800-171.
- Deliver ongoing monitoring and improvement strategies to maintain compliance.
CMMC – Cybersecurity Maturity Model Certification
CMMC is an essential framework for ensuring cybersecurity maturity among DoD contractors, requiring an audit-based certification process to protect Controlled Unclassified Information (CUI).
Our CMMC Expertise Includes:
- Readiness assessments to evaluate your current standing.
- Strategic planning to implement required practices and controls.
- Comprehensive audit support to help you achieve and maintain certification.
NIST 800-171 – Cybersecurity Framework
NIST 800-171 provides a set of cybersecurity standards critical for safeguarding federal data in non-federal systems. It forms the foundation for compliance with both DFARS and CMMC requirements.
We Simplify Compliance By:
- Mapping and integrating your existing controls with NIST 800-171 requirements.
- Providing efficient, cost-effective solutions tailored to your infrastructure.
- Ensuring sustainable compliance through regular assessments and updates.
IT Risk and Compliance as a Service
Enhancing IT risk and compliance to empower your organization with robust IT Risk Management (ITRM) capabilities.
IT Risk Management (ITRM) focuses on identifying, assessing, addressing, and analyzing IT-related risks that could impact your business. By implementing a proactive approach, ITRM ensures that your organization is prepared to mitigate potential threats and maintain operational resilience.
Our IT Risk and Compliance services integrate seamlessly into your workflows, helping you:
- Identify vulnerabilities and risk exposures in IT systems.
- Assess the likelihood and potential impact of identified risks.
- Address risks through tailored mitigation strategies.
- Analyze ongoing risks to adapt and strengthen your IT environment.
Achieve a higher standard of risk management and compliance with our comprehensive services. Protect your business, meet regulatory requirements, and thrive in a dynamic digital landscape.
FISMA – Federal Information Security Management Act
FISMA establishes the importance of securing federal data, mandating compliance with guidelines set forth by the National Institute of Standards and Technology (NIST). This regulation is critical for organizations handling federal contracts and data.
How We Help:
- Guide you through the FISMA certification process, ensuring all documentation and controls are in place.
- Establish robust security protocols to mitigate risks and secure federal information.
- Manage compliance timelines to avoid delays or penalties.
SOX – Sarbanes-Oxley Act
Designed to enhance corporate accountability, SOX compliance ensures transparency and security in financial reporting for public companies.
Our SOX Services Include:
- Developing policies to safeguard financial data integrity.
- Conducting audits to identify vulnerabilities and ensure compliance.
- Implementing measures to align with corporate governance standards.
NIST 800-53 – Cybersecurity Framework
Focused on federal information systems, NIST 800-53 outlines controls that strengthen security and mitigate risks. Compliance is vital for organizations in federal sectors or those handling federal contracts.
Risk Cognizance Expertise:
- Evaluate your organization's alignment with NIST 800-53 controls.
- Implement adaptive solutions for securing federal data systems.
- Provide continuous updates to address emerging threats.
PCI DSS – Payment Card Industry Data Security Standard
For organizations handling credit card transactions, PCI DSS ensures secure payment processing and protects cardholder data.
How We Assist:
- Perform detailed assessments to identify PCI DSS gaps.
- Establish secure environments for handling payment data.
- Support regular audits and compliance certifications.
SOC 2 – Service Organization Control 2
SOC 2 compliance demonstrates your organization’s commitment to safeguarding sensitive data and ensuring operational integrity.
Our SOC 2 Services Cover:
- Pre-audit assessments to ensure readiness.
- Development and implementation of security, availability, and privacy controls.
- Guidance through the audit process for successful certification.
Key Benefits of Risk Cognizance IT Risk Management & Compliance Solutions
- Proven Expertise: Leverage decades of experience navigating complex regulatory landscapes.
- Custom Solutions: Tailored strategies to meet the unique compliance requirements of your industry and organization.
- End-to-End Support: From initial assessments to final audits, we’re with you every step of the way.
- Proactive Risk Management: Address vulnerabilities before they become threats, ensuring long-term compliance and security.
- Enhanced Resilience: Strengthen your IT infrastructure to adapt to evolving regulatory and cybersecurity demands.
Industries We Serve
Our solutions cater to a wide range of industries, including:
- Defense & Aerospace: Expertise in CMMC, DFARS, and NIST compliance.
- Financial Services: Support for SOX, PCI DSS, and SOC 2 requirements.
- Healthcare: Ensuring HIPAA and FISMA compliance for secure patient data management.
- Technology Providers: Tailored strategies for SOC 2 and NIST 800-171 compliance.
Why Choose Risk Cognizance?
- Comprehensive Services: From compliance frameworks to advanced cybersecurity strategies, we provide all-encompassing support.
- Industry Knowledge: Our team understands the unique challenges faced by businesses across various sectors.
- Innovative Tools: Leverage state-of-the-art technology to streamline compliance processes.
- Dedicated Support: A responsive team committed to helping you achieve and sustain compliance.
Empower your organization with trusted compliance solutions from Risk Cognizance. Secure your data, meet regulatory standards, and achieve operational excellence.
Contact Us Today to discover how Risk Cognizance can support your compliance and IT risk management needs.
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