Data breaches are costly. See how Holbrook & Manter is helping service organizations increase security and inspire confidence in the business owners they work with at http://www.socauditservices.com/.
Columbus, OH -- (SBWIRE) -- 01/04/2016 -- According to a 2015 study sponsored by technology giant IBM, the average cost of a data breach is $3.8 million. Since 2013, the cost incurred by a business owner for each lost or stolen record increased six percent from $145 to $154. Unfortunately, 43 percent of companies have experienced a data breach in the past 12 months, which means that they are becoming more common with each passing year.
It is with these statistics in mind that Holbrook & Manter SOC Report Services is introducing their report options for service organizations based on the new AICPA framework. Their best-in-class SOC reports help these service-based businesses inspire confidence in their clients regarding system integrity and the security of their information.
Molly Pensyl, a spokesperson for Holbrook & Manter, stated "In the past few years, there has been tremendous growth in the number of companies that are outsourcing business functions to service organizations. In order to keep costs down, businesses are now outsourcing everything from payroll and medical claims processing to document management and cloud computing services. Business owners are allowing these organizations to have access to sensitive and confidential information in order to perform their duties, yet the primary responsibility for information security still lies with the business owner."
Pensyl goes on to say, "This is where Holbrook & Manter's SOC Audit Services can help. Business owners want to work with service organizations that they know they can trust. Our auditing and reporting services are based on AICPA framework that was created to address the changes that technology and the internet have brought into the modern day work place. If a company provides outsourced business services to other entities, then a SOC report provides those entities with the confidence that their control environment is defined, suitably designed and implemented effectively. Knowing this information allows them to feel better about doing business with that organization."
"Ultimately, what Holbrook & Manter aims to provide to service organizations and businesses is peace of mind. By making use of our SOC Services, they'll be able to provide their clients with solid proof that they are committed to protecting their businesses and ensuring that confidential information remains in the right hands at all times."
About Holbrook & Manter SOC Report Services
Holbrook & Manter is a full service accounting firm that offers a wide array of professional services including auditing, tax assistance, business valuation, financial planning, SOC services and more. Their team works with closely-held & family businesses in various industries, including construction, healthcare, non-profit, manufacturing and agribusiness, just to name a few. Holbrook & Manter has a rich history of client service and satisfaction that spans more than 95 years. Their experience allows them to perform work quickly and accurately as they provide the information and recommendations necessary to improve the efficiency of any operation.