The world is changing rapidly and cyber threats are becoming more frequent and severe. Most cyber attacks are automated and indiscriminate, exploiting known vulnerabilities rather than targeting specific organizations.
With the advent of new regulations such as the NY Department of Financial Services Cyber Security Regulation and the European Union General Data Protection Regulation (GDPR) compliance deadline looming, any organization that processes sensitive data will likely be investigating implementation options to help tackle its compliance requirements, if it hasn’t already done so.
While most organizations believe that their information security systems are secure, often the reality is that they are not. Faced with these increasing information security threats, organizations have an urgent need to adopt IT governance best practice strategies.
Best practice for an information security management system, as a way to provide assurance that the necessary technical and organizational requirements to prevent a data breach are in place, is highly recommended. Companies with a set of policies, procedures, and processes that manage information risks such as cyber attacks, hacks, data leaks or theft, are best placed to protect their critical data assets.
Implementing an IT Governance Strategy is not only information security best practices but also integral to demonstrating data protection compliance and hence the management of risk.
• Take measures to ensure pseudonymization and encryption of personal data;
• Ensure the ongoing confidentiality, integrity, availability, and resilience of systems and services;
• Restore the availability and access to data in a timely manner in the event of an incident;
• Implement a process for regularly testing, assessing and evaluating the effectiveness of technical and organizational measures for ensuring the security of processing.
With industry further requiring risk from accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to personal data to be identified and mitigated taking advantage of implementing adequate and effective security measures, based on the outcomes, a formal risk assessment, will address the majority of your organizational compliance needs. Risk assessments are an essential part of cybersecurity, helping organizations address an array of problems that, if left unchecked, could cause havoc.
More importantly, continuous real-time risk assessments enable organizations to produce consistent, repeatable and reliable risk posture ensuring that an organization’s technical and organizational measures are equipped to safeguard the confidentiality, integrity, availability, and resilience of processing systems and services.
Help your organization:
• Win new business and retain existing customers;
• Avoid financial penalties and losses associated with data breaches;
• Protect and enhance your reputation; and
• Comply with business, legal, contractual and regulatory requirements.