As the head of finance in the telehealth industry, understanding the importance of effective compliance risk management is critical. Traditional compliance measures, such as manual audits and risk assessments, are time-consuming and often ineffective in identifying and mitigating risk in modern, internet-connected ecosystems. Fortunately, a new form of risk management has emerged that promises to give organizations the ability to quickly identify, assess, and address risk with regulatory compliance. This technology is known as certificate management platforms.
Certificate management platforms (CMPs) provide telehealth organizations with the necessary tools to securely manage digital certificates. Digital certificates are encrypted keys that are used to authenticate computers and servers over the internet, enabling secure communications. In addition, CMPs are also used to onboard and manage third-party vendors and suppliers. This gives organizations an added level of confidence and assurance that their data is protected, and that their supplier network is reliable and secure.
Beyond identifying and authenticating the reliability of third parties, CMPs are also beneficial in detecting and notifying organizations of any compliance risk associated with their digital certificates. By accessing the Certificate Status Protocol (CSP), CMPs continually check the validity of certificates, which helps to eliminate any lapses in certification and ensure that certificates are always up-to-date. The system is able to automatically detect and flag hosts with expired certificates, as well as notify the organization of any unauthorized activity or unexpected traffic that could cause compliance issues. CMPs are also designed to help organizations conduct thorough compliance audits and proactively manage their digital portfolios.
In addition to improving compliance and risk management, CMPs provide telehealth organizations with the tools necessary to protect their systems and data from cyberattacks. CMPs reduce the risk of traditional attacks such as phishing and ransomware by providing security controls that monitor and track certificate usage to detect and prevent any suspicious activity. Additionally, CMPs enable organizations to safely expand their digital ecosystems by securely onboarding and managing third-party suppliers, while guaranteeing that the organizations’ data remains secure and confidential.
All in all, CMPs provide telehealth organizations with the necessary tools to mitigate compliance risk and securely expand their digital ecosystems. Through the use of CMPs, organizations can rely on their digital certificate infrastructure and onboard suppliers with confidence, while actively monitoring for any suspicious activity and leveraging an audit-proof record to ensure compliance. With these and other security benefits, CMPs are an essential tool for any modern organization that deals with sensitive data.