Do You Have a Plan to Merge Cybersecurity with Compliance?
Industry leaders continue to find ways to meet government regulations cost-effectively. Merging cybersecurity with compliance can prove useful.
Back in the days of the Wild West, bandits held up stagecoaches at gunpoint. Today’s outlaws might be sitting in a coffee shop halfway around the world using a laptop to hold your valuable data ransom. Like the companies that hired men to ride shotgun to protect payroll transport, businesses now enlist cybersecurity professionals to deter hackers who are relentlessly trying to steal your data.
Using techniques such as ingenious ransomware schemes, digital crimes are often carried out by getting an unsuspecting employee to click on a link or login and give away access to your network. Make no mistake about it, businesses of every size and industry are squarely in the crosshairs of cybercriminals. That’s why the need to mitigate risk by merging cybersecurity and regulatory compliance mandates has never been greater.
While government agencies have the best security interests in mind, the seemingly endless moving of the cybersecurity threshold tends to add a level of complexity rather than simplicity to ensuring data protection. Tasking private sector businesses with ever-changing regulatory cybersecurity compliance place substantial pressure on decision-makers to develop a cost-effective strategy. Although each operation has unique aspects that require specific processes, these are four broad strokes that can be individualized to create a proactive framework.
1: Bridge Internal Cybersecurity Gaps
Industry leaders are often frustrated with the lack of robust communication between departments and teams. In the age of real-time communication, it seems that internal sharing has become increasingly elusive. That directly impacts cybersecurity efforts because information gaps result in IT vulnerabilities and crack the door for hackers. One of the hot trending methods thought leaders are using to maintain heightened vigilance is to create an in-house focus group tasked with syncing information across departments and with those responsible for compliance and cyber-defense. By bringing key stakeholders from each team together, businesses enjoy improved communication and compliance ease.
2: Cost-Effective Data Protection
One of the wasteful results of running headlong to meet government mandates tends to be overspending to defend all data. Scattershot approaches often fail to account for the fact that some data is valuable and sensitive, while other is not. By understanding the difference in regulatory penalties between hijacked personal information versus many paperclips your company purchases, leadership teams can make informed decisions about how to employ resources. While that may sound cavalier, the point is to know which data deserves heightened cybersecurity and which does not.
3: Craft A Cybersecurity Strategy That Mitigates Actual Risks
The differences between housing financial or inventory records have vastly different threat risks and regulatory fallout in the event of a cyber incursion. That’s why it’s essential to cost-effective cybersecurity compliance to sit down and highlight the critical components before crafting a strategy. Ask yourself these questions.
- Which Data is Truly Valuable to the Operation?
- What are the Risks Associated with Housing Valuable Data?
- How Can the Data be Securely Moved and Accessed?
- How Do I Defend this Data While Meeting Regulatory Compliance?
The answers to these questions lay the groundwork for a cybersecurity strategy that will merge data protection with government mandates. By utilizing such strategies, it’s not uncommon for small and mid-sized outfits to stay ahead of the compliance curve.
4: Consider Working with a Third-Party Cybersecurity Consultant
State and federal agencies are diligently trying to create regulations that stay ahead of the nefarious efforts of hackers to steal off valuable data. Business leaders may want to keep in mind that these agency professionals are often reacting to cunning and duplicitous strategies used by cybercriminals. It’s a certainty they will never stop thinking up ways to breach your network, and that’s why working with dedicated cybersecurity outfits may be in your best interest. Sometimes you have to have a cybersecurity professional ride shotgun to deter digital bandits.