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Lack of Network Security Compliance Can Be Costly

Posted By Janet Wong
April 22, 2010

It seemed like an ordinary hacker attack on a small financial firm's Web servers in order to access customer records. That is, until the e-mail arrived with a blackmail attempt. Adding to the risk, a regulatory agency imposed a $375,000 fine on the company for failing to prevent the security breach.

This story shows how compliance with network security regulations is an increasingly important challenge for many businesses, regardless of size. The market-research firm Gartner cites several regulatory standards that impact network security activities and reporting, including Sarbanes-Oxley, HIPAA, Payment Card Industry (PCI), Federal Information Security Management Act (FISMA) for government agencies, and Federal Financial Institutions Examination Council (FFIEC) for banking institutions.

How can a SMB maintain compliance with these requirements and standards, especially in a way that doesn't add significantly to network costs and staffing levels? For many, the answer is Managed Security Services (MSS).

MSS can help you comply with regulatory demands in several ways. First, these services filter all inbound and outbound traffic on the entire Internet circuit, not just at the network edge.

Second, MSS offers comprehensive, multi-layer management of security elements and procedures according to your business policies. These services can greatly simplify your security management tasks.

Finally, on-demand, online reports help you identify network threats and vulnerabilities in order to simplify effective decision-making about security policies. For example, MegaPath MSS provides Firewall and Intrusion Prevention reports that present a graphical overview and text detail on top attack types, destinations, and sources. The beauty of on-demand is that you get access to reports when you need them, without being inundated with too many. On-demand reports make it so easy to stay updated.

You can expect that network security compliance will become an even bigger concern for your business in the future. What kinds of compliance issues are determining your practices or policies for network security?

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