Colo Solutions, a colocation and cloud services provider located in downtown Orlando, Florida, has announced successful completion of their 2020 SOC 1 Type 2 examination, HIPAA Security Compliance assessment, and PCI DSS assessment. It’s the sixth consecutive year of SOC, HIPAA and PCI DSS compliance for Colo Solutions.
The company’s six consecutive years of SOC compliance would reflect their long-standing dedication to service organization controls, including both physical security and environmental security. Meanwhile, their HIPAA compliance demonstrates their secure handling of electronic protected health information (ePHI). PCI-DSS compliance provides additional confirmation of Colo Solutions’ secure payment data handling methods.
While data protection is a concern for any company that handles client information, Colo Solutions serves a vast range of industries – from healthcare to retail – necessitating a broad range of compliance initiatives.
HIPAA, PCI-DSS, SOC1
The Health Insurance Portability and Accountability Act (HIPAA) defines policies and procedures required of companies that store, process, or handle ePHI. It has become increasingly mandatory for service providers working with other organizations that store healthcare data.
The Payment Card Industry Data Security Standard, or PCI-DSS, is the most widely used and industry-recognized payment card security standard available. With payment breaches on the rise, ensuring an organization meets the most up-to-date PCI-DSS requirements is crucial for preventing financial and reputational damage.
Completion of the SOC 1 examination demonstrates a company’s commitment to safeguarding their client’s infrastructure. Companies that complete annual SOC 1 examinations are able to demonstrate a substantially higher level of security assurance and operational visibility as compared to those companies without an examination.
Third-Party Audit Firm
By taking an integrated approach to cybersecurity audits, Colo Solutions was able to streamline the process for their own team, while achieving a more comprehensive review of their controls.
All three efforts were completed by the professional and independent third-party audit firm, 360 Advanced, Inc. Leveraging the continuity and cohesiveness of a single engagement, Colo Solutions was able to achieve a more seamless examination and a more thorough review of their controls.