Security and compliance are paramount in the defense industry–even for unclassified information, like Controlled Unclassified Information (CUI). The operations of these particular industries call for the utmost discretion, and all stakeholders must be on the same page. 

As modern digital infrastructure makes its way into the defense supply chain, it’s equally crucial for contractors and business operators to meet these exact requirements. That’s why the Department of Defense (DoD) has created two different cybersecurity frameworks over the past few decades–the Defense Acquisition Federal Regulation Supplement (DFARS) and the Cybersecurity Maturity Model Certification (CMMC) framework.

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The Internal Revenue Service is one of the largest and most essential federal government agencies… which means that there is a lot of opportunity for third-party contractors and managed service providers to offer products to support its mission. It also means that these contractors will be expected to adhere to security standards, specifically those outlined in IRS 1075. 

Fortunately, IRS 1075 is aligned with other federal standards, all of which provide a sound security footing and potential to pivot services to other government agencies. Here, we’ll discuss some overlap between IRS 1075 and federal standards, specifically those related to the National Institute of Standards and Technology (NIST). 

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Audits and compliance are just part of doing business for financial organizations. Clients and partners must know that they can trust you to manage their critical information, keep it secure, and maintain its confidentiality. Frameworks like Systems and Organization Controls, or SOC, help organizations meet these expectations in a standardized way. 

While SOC 2 is generally the more popular all-purpose attestation for businesses, SOC 1 attestation is just as necessary, if not more, for financial service providers. 

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