MSP Compliance Frameworks

The Digital Operational Resilience Act (DORA) is a regulatory framework aimed at strengthening the cybersecurity and operational resilience of the financial sector within the European Union. It is critical for financial institutions as it mandates comprehensive management of ICT risks, ensuring consistent and robust security practices across the sector to prevent and mitigate cyber incidents.

This regulation standardizes data protection laws across all EU member states. GDPR includes provisions such as data breach notifications, the right to access, the right to be forgotten, and data protection by design and default. Its wide scope impacts any organization handling EU residents' data, regardless of the organization's location, which makes it crucial that you provide clients with a GDPR compliance tool. 

IASME Cyber Assurance is designed for small and medium-sized organizations. It is a cost-effective standard that helps MSPs and their clients demonstrate their steps to protect sensitive information using compliance management tools. To implement this framework, organizations must first have a strong cybersecurity foundation and become compliant with the IASME Cyber Baseline Framework.

The IASME Cyber Baseline provides a structured approach to compliance for small and medium-sized organizations, including compliance-based MSPs. This framework helps SMEs establish a strong foundation for cybersecurity compliance. The IASME Cyber Baseline framework is recognized as one of the UK government's Cyber Essentials schemes, emphasizing their credibility and relevance in the cybersecurity domain.

TISAX is an industry-standard method for assessing and exchanging information security for enterprises using compliance monitoring tools. Companies use TISAX to simplify the process of evaluating suppliers' data security levels and determine how to handle sensitive customer information.

UK Cyber Essentials is a government-supported program that provides organizations of any size with an effective way to guard against common cyber attacks. With two levels, Cyber Essentials and Cyber Essentials Plus, MSPs can proactively protect themselves and their clients from security risks using compliance and risk management software.

This framework provides the essential elements of a successful privacy management program. It’s not comprehensive or a substitute for compliance monitoring tools with other data protection regulations. Consider your specific needs and consult GDPR when necessary.