Next Generation SSAE 16 Compliance Technology Made Public
Lazarus Alliance unveils the next generation assessment technology for cyber-crime prevention.
Phoenix, Arizona, June 15, 2016 (Newswire.com) - Lazarus Alliance leverages the next generation weapon in the corporate arsenal to fight cybercrime, corporate fraud and criminal cyber-misconduct with the IT Audit Machine (ITAM) for SSAE 16 client assessments.
Already considered to be the best assessment tool for governance, risk and compliance (GRC) in the global business community, this next generation of ITAM ups the ante by managing big data and frameworks like the SSAE 16 with virtually endless possibilities. These new enterprise capabilities coupled with the already powerful analytic and logic features are a technological force to be reckoned with.
"Some service providers who use SSAE 16-compliant data centers imply that they are, somehow, SSAE 16 compliant by proxy. This is not the case; just because you use a provider who is SSAE 16 compliant does not mean that your company is SSAE compliant, and to imply such is black-hat marketing."
Michael Peters, CEO
The SSAE 16 is an internationally recognized auditing standard for service organizations. It was developed by the American Institute of Certified Public Accountants (AICPA) and replaces the previous standard, SAS 70. SSAE 16 reporting helps service organizations comply with the requirements of Sarbanes Oxley (section 404) to demonstrate effective internal controls covering financial reporting.
The SSAE 16 also applies to data centers that host systems that are involved in their clients’ financial reporting, as well as web hosting providers, SaaS, IaaS, ASPs, and ISPs and others who perform services that are relevant to their clients’ security, privacy, confidentiality, processing integrity and availability.
Michael Peters, CEO of Lazarus Alliance said “Some service providers who use SSAE 16-compliant data centers imply that they are, somehow, SSAE 16 compliant by proxy. This is not the case; just because you use a provider who is SSAE 16 compliant does not mean that your company is SSAE compliant, and to imply such is black-hat marketing.”
There are three types of reports that can be issued: an SOC 1, an SOC 2, or an SOC 3, all of which address different controls. Performing an SSAE 16 audit and issuing an SOC report demonstrates a service provider’s commitment to maintaining a sound control environment that protects their clients’ data and confidential information.
The SMB sector has been so underrepresented by the big 2-4-6-whatever firms leaving the majority of businesses vulnerably. We have addressed this in a way that is Extremely Economical, Exponentially Faster and Simply Smarter.” Said William Marshall, Partner GRC Practice.
Gone are the days where audits, assessments and compliance work was overshadowed by endless spreadsheets, version control madness, escalating costs and audit anarchy. The IT Audit Machine puts the power of technology, collaboration and simplicity to work for the entire enterprise and does it in a progressive, proactive way.
Lazarus Alliance’s primary purpose is to help organizations attain, maintain, and demonstrate compliance and information security excellence, in any jurisdiction. Lazarus Alliance specializes in IT security, risk, privacy, governance, cyberspace law and compliance leadership solutions and is fully dedicated to global success in these disciplines.
Learn more about Lazarus Alliance and why Lazarus Alliance is Proactive Cyber Security™!
Source: Lazarus Alliance, Inc.