When you run a business, compliance and security are two important factors. Both are equally essential for the seamless operation of your business. While compliance helps your organization stay within the limits of your industry or government regulations, security protects the integrity of your business and its sensitive data. It is worth noting that although security is a prime component of compliance, compliance does not necessarily equal security. This is because compliance does not consider the growing threat landscape and risks associated with it. What it considers, instead, is a set of pre-defined policies, procedures, and controls.
If an audit concludes that these pre-defined policies are adequate and your business has been adhering to them properly, everything is considered good from a compliance standpoint. However, you still may not be up to scratch from a security perspective, which only goes to show that you can be compliant but still fall short on your security.
The compliance landscape lags behind the rapidly changing, unpredictable security landscape.
Now, let’s talk about how your business can benefit by combining both security and compliance best practices.
There are multiple security loopholes that you have to proactively fix to stay safe from of danger. You can do it by deploying the proper security solutions. A few common security loopholes and their related solutions are:
APTs across three attack pillars- endpoints, network and the cloud, are capable of taking down entire hybrid/remote/on-site work environments. Experts estimate the global APT protection market to be worth close to $6 billion in 2021 and up to$12 billion by 2025! This statistic highlights the trouble caused by APTs. The best way to tackle it is by deploying a solution that can:
· Offer 24/7 monitoring and threat hunting
· Efficiently block malicious actors that evade firewalls and antivirus systems
Over the last couple years, insider incidents have increased by 47%. What makes the situation even worse is the fact that insider threats are quite hard to detect. That’s why it is advisable to have an advanced internal threat detection solution that combines machine learning and intelligent tagging to identify anomalous activity, suspicious changes and threats caused by misconfiguration.
Keeping track of all the endpoints, including computers, mobile phones, printers and servers on your business’ network is challenging, especially in today’s increasingly remote-first approach to work. But without knowing the devices on your network, it is not possible to know your IT network’s current health. To combat this problem, you need an automated assessment and documentation solution capable of showing risks to all assets, including those not physically connected to the network.
· When your employees are not properly trained and are unaware of their potentially risky actions, it could lead to severe security issues. For example, an employee carelessly clicking on a phishing link within an email could lead to a full-blown ransomware attack on your business.
· Another major security problem that you may encounter is when your credentials get sold on the dark web. Experts estimate that 60% of the information available on the dark web could negatively affect most businesses’ security and financials.
· Remember that inadequate data access protocols are not just a security problem, but it can also land you in deep trouble with regulators!
Tackle all these issues by deploying the industry’s best solutions for security awareness training, dark web monitoring and identity/access management. Looking for more info on how? Let’s set up a consultation.
Just like security loopholes, you must also fix compliance loopholes the moment you spot them. Non-compliance can even lead to regulators levying penalties as high as 4% of your company turnover! Beyond the financial loss that will incur, you might also have to face stakeholder dissatisfaction, drop in market share, or more. To avoid such issues, using a tool that automates compliance processes and generates insightful reports that document compliance is in your best interest.
Most companies usually have at least the minimum protection in place, such as an antivirus on workstations or active firewalls. However, you have to make sure that your business’ security position can withstand the growing cyberthreat landscape. It’s totally possible to incorporate your security solutions into your compliance strategy as well, with a bit of planning and strategy.
By carefully bringing both security and compliance together, you can reduce your risk significantly. To ramp up your organization’s security, you can start by implementing strong authentication, data protection, access monitoring, and network-to-edge defenses. By ensuring the consistent effectiveness of these solutions after they’re put in place, you can ensure your company is taking the necessary measures to avoid BOTH non-compliance and security breaches.
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Sign up for a consultation to learn more about how we can help you combine security and compliance to prevent data compliance issues.