MSPs Round Up Cyber Threats with Compliance Scorecard's CaaS Power-Up

MSPs Round Up Cyber Threats with Compliance Scorecard's CaaS Power-Up

By Greg Tavarez

Forget fending off digital dragons with a spork. In the wild west of today's cybersecurity landscape, MSPs are the wranglers wrangling techie herds for businesses of all shapes and sizes.

But cyber threats are like particularly rambunctious cattle – they're constantly on the move and evolve faster than you can say "patch update." Throwing in a growing stampede of compliance regulations, as well as keeping your clients' data safe, can feel like a rodeo gone rogue.

Digressing from my inner-Texan, now to the news.

MSPs can breathe a sigh of relief as Compliance Scorecard announced an upgrade to its Compliance-as-a-Service, or CaaS, platform. With this upgrade, MSPs gain the ability to better fortify their cybersecurity services, unlock fresh revenue streams and streamline client compliance efforts.

At the core of the enhancement lies the all-new Risk Register, a centralized hub for meticulously documenting and managing risks. This tool lets organizations identify, analyze and effectively control potential threats. From detailed descriptions and potential impacts to designated owners and mitigation actions, every aspect of a risk is meticulously tracked within the register.

The Risk Register integrates with assessments to allow MSPs to add "At Risk" items with a single click. This guarantees thorough documentation and management of all identified vulnerabilities, and the risk of anything falling through the cracks is eliminated.

Further boosting risk management capabilities is the Plan of Action and Milestones, or POAM, Management feature. The feature will let MSPs guide clients through a structured approach to addressing identified risks. Within the Risk Register, MSPs can generate detailed action items for clients to consider. These items range from accepting the risk to mitigating it entirely, with options for transferring, avoiding or deferring the risk also available. For mitigation strategies, clients use the POAM feature to document timelines, responsibilities, associated costs and track the progress of each action.

Another pain point Compliance Scorecard addresses deals with demonstrating compliance to clients and stakeholders. The pain point is addressed with the introduction of Compliance Control Assessment, or CCA, Reports. These reports allow MSPs to effortlessly generate detailed compliance reports tailored to specific assessments.

Customization options include introductory paragraphs, and the ability to download reports in PDF format further simplifies communication. This allows MSPs to share critical compliance insights with stakeholders during Quarterly Business Reviews and Technical Business Reviews. 

Additionally, CCA reports prove invaluable when working within frameworks like CIS, CMMC, SOC2 and ISO. By offering valuable insights into a client's compliance posture, these reports position MSPs as trusted advisors.

“The new features collectively enhance the ability of MSPs to manage risks proactively and maintain a strong security posture, ultimately enhancing their clients’ governance, risk, and compliance (GRC) strategies,” said Tim Golden, CEO of Compliance Scorecard.

To summarize, Compliance Scorecard’s enhancements strengthen MSPs’ cybersecurity offerings and unlocks new revenue opportunities by streamlining client compliance efforts. This translates into a win-win scenario for MSPs and their clients.

Edited by Alex Passett
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MSPToday Editor

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