Is your CPA, Accounting Firm, and Business ready for the June 9th deadline?
The FTC Safeguards Rule is a set of regulations that requires financial institutions to protect customer information from unauthorized access, use, or disclosure. The rule applies to accounting firms, mortgage lenders, payday lenders, and other businesses that provide financial services. The rule also covers finders, companies that bring together buyers and sellers of financial products or services.
The deadline is June 9th, 2023. If you have any questions, contact us or book a free consultation (http://esudo.com/booking).
The FTC Safeguards Rule requires financial institutions to develop and implement a written information security program appropriate to the Business’s size and complexity, the nature and scope of activities, and the sensitivity of the information at issue. The program must include administrative, technical, and physical safeguards to protect customer information.
The FTC Safeguards Rule specifies nine elements that must be included in the information security program:
- Designate one or more employees to coordinate the program.
- Identify reasonably foreseeable internal and external risks to customer information and assess the sufficiency of existing safeguards.
- Design and implement safeguards to control the identified risks and regularly test or monitor their effectiveness.
- Oversee service providers by selecting and retaining only those that can maintain appropriate safeguards for customer information and requiring them by contract to implement and maintain such safeguards.
- Evaluate and adjust the program in light of relevant circumstances, such as changes in business operations or testing and monitoring results.
- Implement encryption for customer data at rest and in transit.
- Implement multi-factor authentication for any individual accessing customer data.
- Implement access controls based on the principle of least privilege, meaning that access to customer data is limited to only those employees who need it for their job functions.
- Implement a written information security plan (WISP) as part of your PTIN renewal. The WISP outlines how customer data will be used, stored, and shared, as well as procedures for responding to security incidents or breaches when they occur.
The FTC Safeguards Rule aims to ensure that financial institutions maintain safeguards to protect the security of customer information and prevent identity theft, fraud, and other harm. Contact us at 408-216-5800 or get started Today.
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Frequently Asked Questions
At eSudo, we help your law firm, accounting practices and small business feel like a big business when it comes to technology. For over 23+ years, we give you all the tools and support you need without the cost of hiring extra staff. That means if things go wrong, you don’t have to worry about layoffs or added expenses.
Our IT services give you the power of a large business at a fraction of the cost, helping you stay competitive in today’s digital world. With us, your business can compete with the big players and make more money while staying secure and efficient.
We specialize in working with professional service organizations like law firms, accounting firms (CPAs), and wealth management. However, eSudo have helped other business such as non-profit organizations, manufacturing and other small businesses after we have reviewed their needs and determined if they are good fit for our services.
eSudo is not a traditional computer support company; we focus on security first, and computer support happens to be part of the security services. In the dynamic landscape of network security, a proactive approach is key to safeguarding your business. It’s not a one-time event but an ongoing commitment to keep your systems resilient against evolving threats. With the rise of a mobile workforce and the omnipresence of phishing attempts or social engineering or AI, educating your employees, continuous monitoring and proactive support are vital to prevent data breaches.
If your business is looking for break-fix support or hourly IT services, we may not be for you because we cannot fully manage your risks and more importantly, it creates a trust issue in our relationship. Under a “break-fix” model, there is a fundamental conflict of interest between your business and eSudo.
“Over 97% of American businesses in 2023, operating in a digitally-driven landscape, heavily rely on the Internet for essential functions such as productivity, performance optimization, streamlined communication, bolstered sales, and various other facets of their daily operations. This heightened dependence on digital infrastructure, however, comes with a notable caveat: more than 87% of small businesses are entrusted with customer data that could be potentially compromised in the event of a cyberattack.”
We keep your IT Systems running and data secure with our proven IT Strategy, Managed Security, and Proactive Support & End User Management. Our Strategy focuses on identifying, prioritizing, and recommending the right technology for your organization. Our Managed Security includes data backup, device encryption, zero-trust access management, and policies & procedures. Our Support includes a live phone help desk, 24/7 monitoring, on-site support as needed, employee onboarding, and asset procurement.
Proven track record: We have been building our loyal customer base since 2001 in an industry where IT consulting firms come and go. Our customers, vendors, and employees stay with us because we build and value long term relationships with them. With operations all over the San Francisco Bay Area, eSudo provides reliable IT support to Northern CA-based businesses and beyond. We’re big enough to offer the facilities, services, and expertise you expect and small enough to provide the support and attention you deserve.
People & Process: Over the last 22+ years, we have created and adopted a proven process to ensure success in our operations and have trained our people to follow our proven process to provide consistent results for our customers.
Quality: We do not sell what we have not used or have tested. We recommend industrial and commercial-grade products for small businesses to provide uptime and reliability for our customers.
Responsiveness: A live person will answer your call, and emergency response time is one hour or less guaranteed. We use the most current remote support technology which lets us log in to your computers remotely to address many issues without the need to wait for a technician to come on-site.
This is a very difficult question to answer because not all environments are the same, we will do our best to explain some general pricing guidelines.
For a business with 10 to 50 employees, IT support is a crucial investment to ensure smooth operations and data security. This support includes system maintenance, cybersecurity measures, help desk services, data backup, and software updates. As an IT manager and business owner, allocating a reasonable budget for IT support is essential to prevent downtime, protect against cyber threats, and ensure the firm’s efficiency and success in the digital era. Neglecting IT support can lead to potential vulnerabilities and higher costs in the long run. Thus, viewing IT support as a necessary investment is vital for sustaining your firm’s operations effectively and securely.
A typical price for IT Support and Cybersecurity ranges from $185 to $300 per user per month. Actual cost will be determined after we meet and perform an assessment of your environment.