MSSP Compliance Protects Your Business

As a Managed Security Service Provider (MSSP) or Managed Service Provider (MSP), Governance, Risk, and Compliance (GRC) is essential not only for protecting your clients but also for safeguarding your own business. Ensuring that your operations align with regulatory frameworks is critical in maintaining trust and avoiding compliance pitfalls. Whether you're working with FTC Safeguards Rule, CMMC (Cybersecurity Maturity Model Certification), or other compliance frameworks, having a robust GRC system in place is non-negotiable.

Risk Cognizance GRC Platform is purpose-built for MSSPs and MSPs, helping you manage compliance requirements for both your business and your clients, ensuring that no regulatory detail is overlooked.

Why Compliance is Vital for MSSPs & MSPs

MSSPs and MSPs handle sensitive data and manage security for their clients, often across industries that are heavily regulated. Here’s why GRC compliance matters:

• Protect Your Own Business: Compliance frameworks such as FTC Safeguard and CMMC often require service providers to adhere to the same strict standards as their clients. Non-compliance could result in fines or loss of contracts.
• Client Trust & Retention: Demonstrating adherence to high-level compliance frameworks reassures your clients that their sensitive information is being managed securely.
• Minimize Legal Risks: A strong GRC platform helps minimize legal and reputational risks by ensuring your business remains compliant with industry and governmental regulations.
• Stay Competitive: As clients become more compliance-conscious, they increasingly prefer MSSPs and MSPs that can ensure a high level of security and regulatory alignment.

Governance, Risk, and Compliance (GRC)	Third-party Risk Management
Ransomware Susceptibility	GRC and Attack Surface
Artificial Intelligence

Key Features of the Risk Cognizance GRC Platform for MSSPs & MSPs

• Multi-Framework Support: Manage compliance across various frameworks like FTC Safeguards Rule, CMMC, GDPR, HIPAA, and more, all from a single platform.
• Risk-Based Approach: Prioritize compliance efforts by focusing on the highest-risk areas to protect your business and client operations.
• Real-Time Monitoring: Ensure compliance with real-time monitoring, automatically generating alerts for any potential non-compliance issues.
• Audit Trail Documentation: Maintain comprehensive audit trails for all compliance activities, simplifying audits and ensuring transparency.
• Client Compliance Management: Manage client compliance requirements alongside your own, ensuring that both your business and your clients remain aligned with necessary frameworks.

How GRC Protects Your Business

Maintain Compliance with Key Frameworks
MSSPs often handle clients in sectors like healthcare, defense, and finance that are subject to stringent regulations. The Risk Cognizance GRC Platform ensures your business remains compliant with frameworks such as:

• FTC Safeguards Rule: Ensure that the data security protocols you implement for your business and clients comply with the Federal Trade Commission’s requirements for protecting customer information.
• CMMC: For MSSPs working with clients in the defense industry, the Cybersecurity Maturity Model Certification is a critical requirement. Our platform helps you adhere to the required maturity levels.
• NIST 800-171: Achieve compliance with the National Institute of Standards and Technology’s security requirements for handling Controlled Unclassified Information (CUI).

Reduce Regulatory Fines and Risks
Non-compliance can result in costly fines or, worse, the loss of critical client relationships. Risk Cognizance helps you stay ahead of compliance issues with automatic alerts and comprehensive tracking.

Strengthen Client Relationships
Proving that you follow compliance standards boosts your reputation and strengthens client trust. It also ensures that you’re ready for audits, offering your clients peace of mind that their data is secure.

Frequently Asked Questions (FAQ)

1. What frameworks does the Risk Cognizance platform support for MSSPs?
The platform supports key frameworks such as FTC Safeguards Rule, CMMC, NIST 800-171, HIPAA, and more. It is adaptable and can support additional industry-specific frameworks as needed.

2. Can the platform manage compliance for both my business and my clients?
Yes, Risk Cognizance allows you to manage compliance for your internal operations while also ensuring that your clients meet their respective regulatory requirements, all within the same platform.

3. How does Risk Cognizance help with audits?
The platform provides automated audit trail documentation, ensuring that all compliance activities are tracked and available for review, making audits simpler and more efficient.

4. Can the platform generate real-time compliance alerts?
Yes, Risk Cognizance offers real-time monitoring and alerting for any non-compliance risks, allowing you to address potential issues before they escalate.

5. What industries is this platform ideal for?
The platform is ideal for MSSPs and MSPs that serve industries with high compliance demands, including finance, healthcare, defense, and government sectors.

Additional Features of the Risk Cognizance GRC Platform

• Continuous Compliance Monitoring: Ensure continuous compliance with all relevant standards through AI-driven monitoring and automated reporting.
• Customizable Compliance Workflows: Tailor compliance workflows based on specific business needs, ensuring that your unique operations and clients' needs are met.
• Role-Based Access Control: Secure your data with role-based access controls, limiting access to sensitive compliance information.
• Integrated Risk Assessment: Seamlessly integrate risk assessment into your compliance workflows, ensuring proactive identification and remediation of risks.
• Easy-to-Understand Dashboards: Provide both your team and clients with clear, real-time dashboards that highlight compliance status and areas that need attention.

By implementing the Risk Cognizance GRC Platform, MSSPs and MSPs can secure their businesses, reduce compliance risks, and ensure that both they and their clients are protected against ever-evolving regulatory requirements.