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Title: Top 5 Business Benefits Of Cybersecurity Compliance

riskacademy — Wed, 25 Nov 2020 23:20:51 +0000

As data breaches emerge rapidly, maintaining information privacy and security has become a significant concern in the present-day data-driven world. To protect customer data privacy, the governments and industrial bodies are regularly implementing new laws and regulations while adapting existing ones.

Businesses and IT organizations are compelled to meet data privacy and security standards that apply to their specific industry and geographical location. Even though keeping up with the latest compliance regulations and rules can be both expensive and resource-intensive, organizations must acknowledge that compliance brings significant benefits to the business.

Beyond ensuring compliance and avoiding costly data breaches, here are some of the key benefits of IT security compliance for your business:

How Businesses Benefit from Cyber Security Compliance?

Avoid fines and penalties

Failing to comply with the latest rules and regulations governing their business can prove costly for companies that find themselves out of compliance. Thus, organizations must be aware of the latest compliance trends and legislations to avoid server fines and penalties. Some of the…

Cyber-attacks thrust IT compliance to the top of the business agenda

riskacademy — Mon, 10 Aug 2020 00:43:37 +0000

Article by Stax founder and CPO James Coxon.

With companies accelerating their digital transformation efforts thanks to COVID-19, many may assume compliance would fall to the bottom of the to-do list. But cyber-attacks, such as the one reported by the Australian Government last month, only highlight the need for companies to ensure their compliance is watertight.

If an organisation is running on the cloud, its ecosystem has to be compliant with industry standards and frameworks. Here are some tips on how to ensure compliance processes are fit for purpose.

Start and start now

As the Chinese proverb goes, “The best time to plant a tree was 20 years ago. The second-best time is now”. The same goes for compliance.

However far along the compliance road the organisation is, there is no better time to focus on making sure the entire ecosystem is secure and compliant than now.

Sometimes compliance can feel a bit daunting, but there’s no need to boil the ocean. Get started by breaking the project up into digestible chunks of action and start with the low-hanging fruit.

Review and rejig

Start by reviewing the compliance processes already in place.

Even if there…