Many businesses in the securities industry are eager to benefit from the advantages of digital transformation, but doing this while maintaining FINRA Compliance is not something that can be overlooked.
But did you know that working with a managed IT services provider can actually help you stay up-to-date on the newest trends while relieving the burden of FINRA compliance regulations?
In today’s digital age, businesses in the securities industry collect a lot of very sensitive data from their customers. And all that data is very attractive to criminals.
Hence, many FINRA compliance rules understandably focus on IT. That’s the short answer for how working with a managed IT services provider will help you stay in compliance. But let’s dig into specifics a little more.
A Managed IT Service Provider Improves Security
A managed IT services provider can help improve security, which is an element of FINRA compliance. When you work with a provider that has the right experience, you can get your tech infrastructure to a point where it is competitive, while also helping ensure you the proper security protocols. You can rest easy knowing your provider is staying on top of all the security updates you need to implement.
A Managed IT Service Provider Keeps Up With Changing Rules
FINRA compliance rules are constantly changing as cybercriminals come up with new ways to break into security systems. Keeping up with these ever-changing rules can be a challenge for a business owner or small in-house IT team to keep up with. A managed IT services provider that is dedicated to helping businesses like yours stay compliant, however, will know where to go and what to do to stay on top of any changes as they happen.
A Managed IT Service Provider Understands The Jargon
FINRA tries to keep its compliance regulations around cyber-security clear, but sometimes the jargon can be confusing to someone whose expertise is stronger in financial issues than tech. Even when you approach these things with the best of intentions, it can be easy to implement something improperly by accident. When you work with a managed IT services provider, you don’t have to worry about misunderstanding anything that FINRA asks you to do.
At the end of the day, much of FINRA compliance, especially when it comes to tech issues, is about having a robust system in place to protect your data. That is why working with a managed IT services provider can make it easier to ensure you are following all of the rules.
Are you interested in working with a managed IT services provider to help you keep up with FINRA Compliance rules? Schedule an appointment with 911 IT today to learn more!
