Compliance and security are two of the most important aspects of running a corporation. Both are essential for the smooth running of your business. Security, on the other hand, ensures that your business and its sensitive data are kept safe by adhering to industry and government requirements. Despite the fact that security is a major component of compliance, this does not mean that compliance is itself secure. As a result, the threat landscape and associated risks aren’t taken into account while enforcing compliance. However, what it considers is a predetermined set of policies, procedures, controls, etc.
All of your business’s compliance requirements will be met if an audit finds that the pre-defined aspects are appropriate and your company follows them. Although you may be compliant, your security may not be up to par, which simply goes to demonstrate that you can be compliant but still fall short.
In other words, the compliance landscape lags behind the quickly changing and unpredictable security world because compliance standards follow a known path and evolve slowly.
Now, let’s see how combining security and compliance might benefit your organization.
To avoid being a victim of a security breach, you must take proactive measures. Deploying appropriate security solutions is one way to accomplish this. The following are some of the most prevalent security flaws and their corresponding fixes:
According to a new report, endpoint, network, and cloud APTs can cripple hybrid/remote/on-site work settings. It’s estimated that by 2025, the global APT security market will be valued at between $6 billion and $12 billion. APTs are causing a lot of damage, and this data shows it.
Deploying a solution that can do the following is the most effective way to deal with it.
monitor and look for threats around the clock.
Antivirus and firewall systems can’t keep out all the bad guys.
Insider occurrences have grown by 47% in the last two years.
Insider threats are even more difficult to identify, making the situation even worse. In order to detect aberrant behavior, suspicious changes, and risks caused by misconfiguration, an advanced internal threat detection solution that uses machine learning and intelligent tagging is recommended.
In today’s increasingly mobile-first workplace, keeping track of all the PCs, mobile phones, printers, and servers on your company’s network can be difficult. However, it is impossible to know the health of your IT network unless you know what devices are connected to it. An automated evaluation and documentation solution that can identify hazards to all assets, including those not physically connected to the network, is needed to fight this issue.
Your company’s security could be severely compromised if your staff aren’t properly trained or aren’t aware of dangerous practices. For example, a ransomware assault could be launched against your company if an employee clicks on a phishing link irresponsibly.
Another huge security risk is when your credentials are sold on the dark web. Most firms’ security and financial health could be jeopardized by 60 percent of the dark web’s information.
Be aware that poor data access protocols aren’t simply a security risk; they can also get you in hot water with authorities.
Implement industry-best solutions for security awareness training, dark web monitoring, and identity/access management to address all of the aforementioned concerns, but keep in mind that compliance does not equate to security.
You must remedy compliance flaws as soon as you find them, just like security weaknesses. Non-compliance can result in fines of up to 4% of your company’s annual revenue. 4 Stakeholder dissatisfaction, a decline in market share, and other consequences go hand in hand with financial losses. Take advantage of an automated compliance solution that creates reports that document compliance in order to prevent this problem.
Antivirus software on workstations and active firewalls are standard security measures in the vast majority of businesses. However, you must ensure that your company’s security posture can survive the ever-changing world of cyber threats. Security solutions can be integrated into your company’s compliance plan with a little bit of work.
You can considerably reduce risks by carefully integrating security and compliance in a methodical manner. You can increase your organization’s security by implementing robust authentication, data protection, access monitoring, network-to-edge protection, etc. Once these solutions are in place, you can guarantee that your firm is taking the essential actions to avoid non-compliance and security breaches by regularly validating their effectiveness.