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Regulatory compliance for cybersecurity at stake: How to get CyberSecurity leaders to comply

The advancement of any technology entails cybersecurity precautions too. This is because if security breaches aren’t detected in time and effectively handled, it could lead to a massive loss of systems. A higher level of technology raises additional security concerns.

Cybersecurity compliance refers to the establishment of risk-based controls so information can be stored, processed, and transferred while maintaining its integrity, confidentiality, and accessibility. There is no single cybersecurity standard or regulation, rather cybersecurity compliance is governed by a widely applied set of requirements.

Cybersecurity and compliance can go hand in hand when security programs are aligned with business objectives, giving CISOs the opportunity to lead their organizations with confidence

The role of cybersecurity in compliance

Generally, compliance is achieved by combining internal policies with state and federal laws. Fines and penalties can be incurred if organizations ignore laws and regulations. Compliance policy knowledge is spread among all employees, officers, directors, and partners of an organization by way of governance.

The implementation of risk assessments in compliance increases awareness of a company's vulnerability to a data breach and the related potential financial impact. This type of assessment should be used to effectively illustrate cyber threat risks to executives and boards.

Compliance programs, on the other hand, require guidelines for asset protection, which could otherwise increase risk. For cybersecurity to be successful, a partnership between compliance, legal, IT, and Security is imperative.

Data Security Regulations: Why Should You Care?

It may seem obvious why corporations that don't face a lot of regulations discard those that don't apply to them. There is less need for robust controls when there is less regulation and less sensitive data. However, this isn't always the case. Often, decision-makers concern themselves with the cost, resources, and overall weight of typical data security solutions, versus the scope of problems to be solved. In areas less regulated than highly regulated industries, most leaders choose to use native tools that are low-profile, or worse, do nothing.

This article is not intended to inform readers of the types of breaches they might be subject to. Consider instead the possibilities of modern data security solutions for supporting hybrid multi-cloud environments, meeting compliance requirements, and not consuming excessive bandwidth.

Frameworks for regulatory compliance

It is possible to tie a company's processes to established legislation and industry regulations through established regulatory compliance frameworks. In order for the CISO and other cybersecurity professionals to select the most appropriate framework for their specific needs, they should examine and assess their organizations' business goals, environment and network risks.

A number of cybersecurity frameworks are outlined in the following list. Among them are:

  • The Sarbanes-Oxley Act

  • Compliance with HIPAA/HITECH

  • The PCI Data Security Standard

  • National Institute of Standards and Technology (NIST)

  • The ISO/IEC 27000 standard.

  • The FedRamp service

Transforming business risk into measurables

Organizations with mature risk management initiatives and those that are just establishing their first cybersecurity program must face the same challenges that organizations with new risk management initiatives do.

Businesses should establish a baseline based on ISO or NIST measurement systems in order to measure risks and align business practices with best practices. Managing risk involves more than just quantifying losses from a data incident and whether regulatory penalties are assessed. The long-term impact of data breaches is far greater and more substantial. An organization's reputation and public opinion can be influenced by cyberattack investigations, which can offer insights into internal processes.

Cyber leaders in charge of assessing network risks and meeting compliance standards will need to increase the use of technology and processes in order to minimize cyber risk and meet regulatory compliance.

Where do we go from here? New Standards and Regulations

It is critical to understand how far cyber environments will change as well as the transformation of risk environments in order to establish the most effective security against the rise of new generation cyber-attacks and threats. It is only through diligent research for evidence-based results that a study of this magnitude can be accomplished. Developing exceptional measures to curb future cybercrime activities depends on the expertise that security professionals, academic giants, and policymakers possess.

The changing cybersecurity landscape ultimately requires new compliance regulations. Meanwhile, the new laws and regulations, as well as the demands of users and public opinion, will increase the need to comply. As enterprises continue to undergo changes in business processes, employees, tools, and infrastructure, they will face additional challenges.

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