In the final quarter of 2021, the number of cyberattack attempts rose to 925 per week per company, a record high. This number is up 50% compared to 2020.
Anything a company does to protect its assets and comply with both security standards and laws is considered security compliance.
In this post, we analyze security and compliance. We’ll then look at how these two initiatives work together to develop a robust security plan.
What exactly is IT security?
The actions taken to protect customers and company assets are known as information technology (IT) security. Confidentiality and self-preservation are primary concerns, non-compliance with legal or contractual obligations to third parties.
IT security programs try to:
• Prevent attacks on your organization’s data, physical assets and digital infrastructure;
• Quick response to security incidents to minimize damage.
It is important to remember that security is a constant endeavor.
While security measures are constantly improving, hackers are also becoming more and more skilled. Commitment to security requires regular monitoring and upgrades.
Before proceeding, let’s define how IT security relates to commonly used synonyms.
IT security versus network security
IT security, in its broadest sense, refers to the measures used to protect a company’s electronic systems and network endpoints, especially mobile devices and laptops, and information that they hold. All physical and digital security issues, such as malicious cyber attacks, inappropriate system settings, faulty hardware, and unsafe server areas, are covered. protected by IT security. In addition, it includes tasks such as risk management, security education, and continuous monitoring that help protect information systems and data from unauthorized access.
IT security includes cybersecurity as a subset. It refers only to the measures used to protect against digital attacks on computer networks, the applications and the information contained therein.
IT security versus information security
IT security also includes information security (InfoSec). Information Security (InfoSec) mainly focuses on data protection and data privacy, as opposed to IT security, which also includes security of systems, networks, physical data centers, services cloud and other organizational assets. It describes the measures used to protect the privacy, accuracy and availability of sensitive corporate data in all formats, including print and electronic.
Your organizational assets can be protected by implementing appropriate IT security processes, such as cybersecurity practices and InfoSec, but this is only one element of an overall security plan. Consider the second part in more detail below.
What exactly is IT compliance?
Information technology (IT) compliance describes the safeguards a company takes to appease third parties, such as governments, the business community, certification bodies, or customers.
You will receive penalties if you violate the required frameworks and rules. Many organizations pause all other priorities to prepare for audits as this often manifests in costly fines.
IT security vs IT compliance
Security is not the same as compliance. Even if a company complies with all applicable laws and industry standards, it may still be at risk of cyberattacks.
There are many differences between security and compliance, but there are some areas where IT compliance and IT security are intertwined and have common goals. Let’s see.
Some of their common features are as follows:
- Both are lower risk: Compliance provides the basic security precautions required by your business or government. The possibility of being hacked is further reduced by security awareness, which closes all remaining security holes.
- Both improve reputation: Buyers and sellers both expect companies to keep customer data secure. Strong security practices and compliance certificates show that your company cares about its stakeholders when they are used together.
- Same applies to third parties: Most security frameworks require compliance from both the company and the vendor. Likewise, security measures are not only taken to protect the entire company. Partners are also protected.
However, IT security and IT compliance are different concepts.
Let’s look at some of their key differences:
• Enforcement: A third-party regulator that enforces strict adherence to a particular set of rules. An organization often practices security for its own benefit.
• Key driver: Avoiding fines is a key driver of compliance activities. No one likes being severely punished. To protect the company’s valuable assets, security measures are put in place. Copyrighted data, finance and material are included.
• Conformity is largely evolutionary retarded. While framework upgrades happen, they don’t happen every day as new threats emerge. On the other hand, security measures adapt to evolving threats.
How do compliance and security work together?
The main lesson is that compliance and security are opposite sides of the same coin.
While third-party compliance requires compliance, it provides useful security functionality by providing an organization with a standard to protect against online attacks.
Coding security procedures can help locate and overcome weaknesses in current security measures. Compliance also sends a message to consumers that you are a trusted partner that will protect their data.
Even so, Compliance typically only meets minimum industry security requirements.
You have to take extra security measures if you want to really trust the security program. Each company must hold a certain set of assets and risks. But when building your own software, you should consider some proven methods.
Which security compliance framework is best for your organization?
The first step to ensuring your company implements the right security controls and safeguards to effectively protect and benefit your business is to understand the right security framework for your organization. your. However, due to the overwhelming technical language, complex standards, and changing laws of each security framework, understanding them can be difficult. Here are the three main security frameworks and a quick description of each to get you started:
SOC 2
Reports on service organization control are known as SOC reports. Specifically, the SOC 2 report provides a thorough assessment of an enterprise’s security controls, processes, and performance. It is governed by five trust principles and allows companies to highlight their superior security practices, encouraging loyalty and trust between customers and other companies.
To learn more about SOC 2 compliance, download our SOC 2 Bible.
ISO27001
The management of the security of critical information is regulated by the global security standard ISO 27001. A robust information security management system (ISMS) within a company can be created, managed and deployed by use framework.
Download ISO 27001 Bible here for more information about ISO 27001
HIPAA
A federal law known as HIPAA forces certain organizations to follow rules and regulations regarding how they receive, store, and share protected health information (PHI).
Why is security compliance important?
A business can benefit from compliance with security regulations. Consider five of these benefits.
Avoid penalties and fines
No matter where you are or what your business is, you need to find out what compliance rules are relevant to your business.
You should follow the rules if you collect customer information, including credit card information, website cookies, and personal information.
You can avoid trouble by setting up a thorough privacy compliance policy.
prevent security breaches
Your information is valuable. Healthcare and banking are two areas that deal with extremely sensitive data and are therefore more prone to exposure.
Of course, businesses in any niche are vulnerable to costly attacks. Investing in risk management for your suppliers is a wise precaution.
Tight security and compliance controls can prevent them from targeting your business.
Increase prestige
The damage a significant security breach can do to a company’s reputation is well known.
As information can spread around the world in an instant, security compliance needs to be taken seriously to retain customers and consumers.
Extensive data management procedures
Under GDPR, ICOs may contact your company and request information about the exact location of user data. Failure to comply could result in hefty fines or other serious legal consequences.
However, this push is more of a “stick” than a “carrot” strategy, promoting great data management techniques.
You must keep track of all user data if you want to comply with the law and avoid penalties. This will likely require upgraded technologies and better data organization techniques.
While it may sound cumbersome at first, improving these processes will help you streamline your operations. Improved user data structure has the potential to reveal new marketing opportunities.
Positive relationships, both internally and externally
Employees and external parties are both attracted to organizations committed to ensuring all aspects of security.
There are two significant benefits to going beyond complying with the law and making security a core component of your corporate identity. It says that you value honesty and respect for your customers.
This will make it easier for you to form alliances with companies that share the value of security with you, reduce risk, and put you in good company overall.
How to adhere to great security practices?
The need to comply with safety regulations is obvious, but how do you do it right? Below, we’ll cover nine best practices that can help you improve your IT security performance.
- Conduct internal security audit
- Create a cross-departmental compliance strategy.
- Regular supervision;
- Using audit records
- Set up a system with as few privileges and functions as possible
- Separation of tasks from system operations
- Update all company software regularly.
- Establish a good risk management strategy.
- Take advantage of automated and intelligent tools.
Conclusion
Practicing security compliance can be time consuming and demanding without professional help. The implementation of legal frameworks and other safeguards takes time. To ensure long-term security, the above initiatives also need to be reviewed on an ongoing basis.
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Source: tiengtrunghaato.edu.vn