July 2022 - Main Article:

Compliance And Cyber Security: Why Both Are Important

In the world of business, you’ll inevitably hear about the many ways to beef up your cyber security to ensure your company’s and clients’ safety. However, another term is often heard when discussing cyber security: compliance. It’s not talked about as often, but both cyber security and compliance are essential for any business to succeed.

Compliance helps businesses keep consumer information protected, and this compliance is fulfilled when businesses and organizations prove that their cyber security practices meet specific security regulations and standards set by third parties like government agencies. Compliance is not optional; businesses must meet these requirements to protect sensitive information as well as their clients. Failure to meet compliance requirements results in fines, penalties and even legal ramifications.

If your business is compliant with its cyber security protocols, it’ll also appear more trustworthy to the clients and other businesses that work with you. One cyber security breach can permanently damage your company’s reputation. Customers will no longer want to do business with you for fear that their personal information could become compromised.

While cyber security and compliance sound fairly similar, there is a slight difference between them. Compliance is often driven by business needs rather than technical needs, whereas security is driven by the need to protect against constant threats. If you want to maximize your company’s cyber security practices, then you’ll need to go further.

Overall, compliance and cyber security should work hand in hand. Your initial cyber security plan should be based on compliance. You must know the standard requirements to remain compliant and put the necessary practices in place to achieve that status. This comes down to knowing the exact details of what is necessary to stay protected. You should be specific so your team knows exactly what is needed to protect your business.

You also need to make an effort to document your practices as frequently as possible. You should create a paper trail of everything you have done to stay compliant as well as your added cyber security practices. It can help to add potential audits and any frequency-bound events to your calendar so you don’t get blindsided or miss something important.

After you’ve gathered all of your evidence and put your cyber security and compliance protocols to work, you can automate many of your reports. That way, you won’t have to dig and pull data yourself in the future.