ORAM Cybersecurity Advisors offers a breadth of internet technology (IT) and cybersecurity services. Our services help businesses in a multitude of industries. Three of our most popular business services include cybersecurity, compliance audits, and employee training.
ORAM Cybersecurity Advisors will meet the individual security needs of your business. The following is a look at just some of the security services we provide to assist businesses with securing valuable data and protecting companies, employees, customers, and partners:
- Development of Long-Term Strategies: ORAM has the knowledge, commitment, and experience to assist your organization or business with developing and implementing cybersecurity strategies that are consistent with its goals.
- Remote Monitoring and Diagnostics: Our professionals can continuously monitor and diagnose your business’s IT and digital systems remotely so there are no cybersecurity surprises. This means your business is being watched for cyber incidents such as breaches and attacks around the clock and if a problem is found, it can be identified immediately to avoid damage to your network and systems.
- Cybersecurity Assurance: Whether your organization requires antivirus management, firewall monitoring, compliance standards, data protection, or security performance stats, ORAM develops and implements critical solutions to assure top-notch cybersecurity for your business.
- Hardware and Software Procurement: Our years of IT and cybersecurity experience means we have worked with a multitude of businesses in a wide variety of industries. This experience means ORAM helps you avoid the pitfalls and mistakes of others, procuring quality hardware and software at the best possible price.
- Network Design: ORAM’s cybersecurity specialists will probe your network for weaknesses, vulnerabilities, and gaps. We then upgrade your network or design a fresh one that meets your company’s needs most efficiently at the best cost.
In addition, ORAM offers other services such as vendor management so you can focus on managing your business rather than projects. We also offer application integration to provide new solutions when you need them most and implement them seamlessly to avoid workflow interruptions. When it comes to data backup and support solutions, ORAM’s 24/7 support team and recovery services can’t be beaten!
Compliance Audit Services
Regulation compliance is a common issue for many businesses. Whether you operate a medical office and must meet the Health Insurance Portability and Accountability Act of 1996 (HIPPA) regulations or your company must achieve compliance with Sarbanes-Oxley requirements, ORAM Cybersecurity Advisors has experienced compliance auditors to support your needs.
ORAM provides services to identify and resolve cyber threats, risks, and vulnerabilities that could negatively impact your organization’s ability to achieve compliance and stay compliant. We offer compliance audits and security resolution services for regulations including, but not limited to:
- HIPPA: This regulation must be followed by covered entities that collect, create, or transmit protected health information (PHI) such as healthcare providers, healthcare clearinghouses, and health insurance providers. Business associates and organizations encountering PHI while conducting business on behalf of a covered entity such as billing companies, third-party consultants, IT providers, shredding companies, and more.
- Securities and Exchange Commission (SEC): The SEC’s regulation of the securities markets facilitates capital formation, which helps entrepreneurs launch companies and grow businesses. The SEC regulations impact organizations in the financial and securities markets including banks, savings and loans, credit rating agencies, investment companies, and wealth advisors.
- Payment Card Industry (PCI): These data security standards must be met by all organizations and businesses that accept, process, store, or transmit credit card or cardholder data such as banks, third-party payment providers such as Apple Pay and Google Pay, credit card companies, and online vendors among others.
- Dodd-Frank Act: Following the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 enhanced the Commodity Futures Trading Commission’s (CFTCs) regulatory authority. This regulation must be followed by brokers, investment banking firms, banks, insurance companies, mortgage lenders, and credit rating agencies.
- Sarbanes-Oxley Act: This regulation impacts publicly-traded companies in the U.S. including wholly-owned subsidiaries or foreign companies and foreign companies that raise debt or credit rating agencies’ equity on the U.S. public exchanges. Companies with less than $100 million in annual revenue and less than $700 million in public float as well as emerging growth companies less than five years old are exempt.
If your company conducts business with the government, you may be required to have a compliance audit as part of the terms of your contract. Additionally, private and public businesses as well as nonprofits may find themselves in need of a compliance audit if they are required to adhere to industry regulations at the local, state, and/or federal level such as those mentioned above.
Compliance audits may be required annually in government contracts and often must be performed by a third-party provider such as ORAM Cybersecurity Advisors. Some regulations require compliance audits once every three years. While the frequency of compliance audits may vary, ORAM and other cybersecurity professionals highly recommend executing a compliance audit annually as technology and cyber threats change frequently.
During a compliance audit, professionals from ORAM examine how well your business adheres to rules, regulations, and standards. This may differ based on the industry your company operates in, where it operates, and what functions it serves. The compliance audit also reviews and evaluates the effectiveness of your company’s internal controls including cybersecurity software, policies and procedures, employee training, and more. At the end of the compliance audit, ORAM provides a list of any deficiencies identified and methods for rectifying them to achieve and/or maintain regulatory compliance.
IT Security Training
Employees should be the first layer of security for every business but the fact is they have become the largest threat to business security today in major part due to a lack of proper cybersecurity awareness training.
Despite how important cybersecurity awareness training is, a June 2020 survey by TalentLMS and Kenna Security showed only 69 percent of respondents had employer-sponsored cybersecurity training. Of those who had such training, 61 percent failed a basic cybersecurity quiz. Of those that failed, 60 percent reported feeling safe from threats.
Breaches among businesses of all sizes are on the rise and remediation costs are increasing. The FBI reported an increase in exposed losses of $3.5 billion in 2019 to $4.2 billion in 2020 in its Internet Crime Report 2020. Additionally, the Cost of a Data Breach Report 2022 by IBM reported the average cost of a breach climbed 12.7 percent between 2020 and 2022. The same report determined the average total cost of a data breach to be $4.35 million!
Cybersecurity training is also often required by law in many states including Massachusetts where ORAM is based. Other states such as California and New York also require cybersecurity awareness training as part of their written information security plan (WISP).
The goal of cybersecurity awareness training is to change the behavior of your employees so they are less susceptible to social engineering: Being manipulated, influenced, or deceived by someone to take action that isn’t in the best interest of your business. Some of the most common examples of social engineering attacks include phishing or spear-phishing by phone, email, postal service, or direct contact in order to trick people into doing something that will harm your company.
The most effective cybersecurity awareness training programs are ongoing. The first training should occur during onboarding followed by frequent training opportunities such as a once-a-month, computer-based training. Every employee should be offered deeper training annually to update them on the latest threats and remind them of what they can do to help prevent attacks. There should also be additional training whenever a potential threat is identified or a cyber incident has occurred within the company so there are no repeat events.
Let’s Discuss Your Needs
Developing and maintaining a successful, ongoing IT and security strategy is difficult when you don’t know where your business sits. The knowledgeable, experienced engineers at ORAM have developed and implemented countless IT and security solutions for our clients. We can help you get started, too, with a free, no-obligation IT assessment. You can register for your free IT assessment now or simply call ORAM Cybersecurity Advisors at (617) 933-5060.